Somalia Granted $4.5 Billion in Debt Forgiveness - New Delhi Times - India's Only International Newspaper - Empowering Global Vision, Empathizing with India

The International Monetary Fund and the World Bank approved $4.5 billion in debt forgiveness for Somalia Wednesday after the Horn of Africa nation completed years of financial reforms under the Heavily Indebted Poor Countries Initiative, or HIPC. The initiative was launched in 1996 by the IMF and the World Bank to help the world’s poorest…

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