Somalia says Russia grants relief on debt worth $684 million

Russia has granted debt relief on over $684 million owed by Somalia in a deal finalised on the sidelines of a Russia-Africa summit in St Petersburg, officials from the Horn of Africa nation said. Emerging from decades of civil war, Somalia is seeking to secure sweeping external debt relief under the International Monetary Fund (IMF) and World Bank's Heavily Indebted Poor Countries (HIPC) Initiative.

Related Keywords

Mogadishu ,Banaadir ,Somalia ,Russia ,Moscow ,Moskva ,Ukraine ,Petersburg ,Sankt Peterburg ,Paris ,France General ,France ,Somali ,Russian ,Hereward Holland ,Mark Heinrich ,Vladimir Putin ,Salah Ahmed Jama ,Joe Bavier ,Abdi Sheikh ,Timur Maksimov ,Bihi Egeh ,Facebook ,Paris Club ,World Bank Heavily Indebted Poor Countries ,International Monetary Fund ,World Bank ,Heavily Indebted Poor Countries ,Finance Minister Bihi Egeh ,Russian President Vladimir Putin ,Rachel Savage ,Debt Relief ,Ipc ,St Petersburg ,Minister Bihi Egeh ,Horn Of Africa ,