Somalia USD2 billion debt gets canceled menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Somalia and US sign $92 6M development agreement to boost Somalia s growth & governance radiodalsan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radiodalsan.com Daily Mail and Mail on Sunday newspapers.
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.