Friday, January 3, 2020

Progress on Debt Relief for Somalia

Ventures Africa posted on 20 December 2019 an article titled "IMF Board Approves Financing Package to Offset Somalia's Debt" by Ishioma Emi.

Somalia has about $5 billion in external debt, accounting for 100 percent of its GDP. The International Monetary Fund has approved a financing plan that will help cover its share of debt relief for Somalia.