Today's breaking news from Somalia, Finance

News Somalia » Finance: Somalia Finance Minister to Asharq Al-Awsat: We Settled $4.5 Bln in Debt with Saudi Support

News channel or source: https://www.msn.com/en-ae/news/other/somalia-finance-minister-to-asharq-al-awsat-we-settled-45-bln-in-debt-with-saudi-support/ar-AA1yO3Ex

Published on: Monday 10 February 2025

Somalia’s Minister of Finance Bihi Iman Egeh announced that the country has successfully settled around $4.5 billion in debt under the Heavily Indebted Poor Countries (HIPC) Initiative led by the ...

News Somalia » Finance: Somalia: Debt Relief Breakthrough

News channel or source: https://gfmag.com/economics-policy-regulation/somalia-debt-relief-breakthrough/

Published on: Wednesday 27 December 2023

Somalia, ravaged by civil war, terrorism and economic hardship, is poised to receive substantial international debt relief, marking a crucial step in its reintegration into the global financial system ...

News Somalia » Finance: Somalia: Will IBAN and new currency boost the economy?

News channel or source: https://www.theafricareport.com/299452/somalia-will-iban-and-new-currency-boost-the-economy/

Published on: Thursday 13 April 2023

In an interview with The Africa Report, the central bank’s governor Abdurahman Mohamed Abdullahi describes the IBAN introduction as yet another milestone for the betterment of the Somali financial ...

News Somalia » Finance: Debt Forgiveness for Somalia Would Reward Corruption, Empower Al-Shabaab

News channel or source: https://www.aei.org/op-eds/debt-forgiveness-for-somalia-would-reward-corruption-empower-al-shabaab/

Published on: Monday 09 December 2019

When Somali Finance Minister Abdirahman Duale Beileh visited Washington for the annual meeting of the World Bank and International Monetary Fund earlier this fall, he was all smiles. “Things are ...

News Somalia » Finance: Somalia: Global Alliance Fortifies Somali Financial System Against Illicit Threats

News channel or source: https://www.garoweonline.com/index.php/en/news/somalia/somalia-global-alliance-fortifies-somali-financial-system-against-illicit-threats

Published on: Friday 28 July 2023

(GO) - A recent meeting attended by Brian Nelson, Under Secretary of the Treasury, laid a collective roadmap to protect the Somali financial system against illicit finance threats. Nelson expressed ...

News Somalia » Finance: Somalia’s Democratic Transition Cannot Stop Halfway

News channel or source: https://wardheernews.com/somalias-democratic-transition-cannot-stop-halfway/

Published on: Friday 17 July 2026

A significant and encouraging change is taking place in Somalia's political debate. For years, the country remained trapped in a ...