Somalia News News Somalia » Finance: Somalia Finance Minister to Asharq Al-Awsat: We Settled $4.5 Bln in Debt with Saudi Support
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 secures $4.5 billion debt relief deal with international creditors
WASHINGTON (AP) — Somalia on Wednesday secured a $4.5 billion debt relief deal from its international creditors, the International Monetary Fund and World Bank said, which will allow the nation to ...
News Somalia » Finance: Somalia: Debt Relief Breakthrough
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: IMF programme was ‘springboard for statebuilding’ – Somalia’s finance minister Bihi Egeh
Bihi Egeh outlines the long and difficult journey since Somalia joined the IMF’s Heavily Indebted Poor Countries (HIPC) programme in 2016 – encompassing one ...
News Somalia » Finance: Somalia Adopts Whole-of-Government Approach to Mobilise Climate Finance through National Climate Fund
Somalia has advanced its climate agenda with the launch of the Somali Climate Finance Trial and the official start of the National Climate Fund (NCF), a move aimed at improving the country’s ability ...
News Somalia » Finance: The Horn Of Africa States: Somalia And Development Finance – OpEd
The world spends billions of United States Dollars in development finance across the globe, with the exception of the north countries of Europe, Russia and North America. According to the World Bank ...
News Somalia » Finance: Debt Forgiveness for Somalia Would Reward Corruption, Empower Al-Shabaab
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: Diaspora has big role as Somalia rebuilds economy, global ties - finance minister
WASHINGTON (Reuters) - Somalia's 2-million strong diaspora has a huge role to play as the Horn of Africa country rebuilds its economy and resets ties with major international institutions after three ...