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Huge milestone as Somalia has successfully gained debt relief after completing the IMFs HIPC reform requirements. Currently Somalias debt stands at 6 percent of the gdp which prior stood at 64 percent 👏👏
The debts are from 1991, when former President Mohamed Siad Barre was ousted, and the state completely collapsed. After weeks of arms embargo being lifted and now the debt relief, Somalia is a major comeback
#local
The debts are from 1991, when former President Mohamed Siad Barre was ousted, and the state completely collapsed. After weeks of arms embargo being lifted and now the debt relief, Somalia is a major comeback
#local
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