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First, the HIPC-CP determines the eligibility for full and irrevocable cancellation of about 90% of the $5.6 billion of Somalia’s external debt, committed at

The EU is the largest direct contributor to Atmis, with nearly $2.9 billion since 2007.

Somalia has earned new money to help it upgrade its security services in what officials said will help combat its problem of Al Shabaab.

"The United States congratulates Somalia on its recent economic progress," said USUN Ambassador Wood.

Bulawayo's most popular daily newspaper

Somalia is expected to get major debt relief this week, slashing its debt-to-GDP ratio to less than 6% in a historic move that would allow it to rejoin the international financial system after roughly 30 years.

First, the HIPC-CP determines the eligibility for full and irrevocable cancellation of about 90% of the $5.6 billion of Somalia’s external debt, committed at

Economic growth slowed significantly in 2022 from surging inflation, tighter global financial conditions.

First, the HIPC-CP determines the eligibility for full and irrevocable cancellation of about 90% of the $5.6 billion of Somalia’s external debt, committed at

The financing follows considerable progress Somalia has made in rebuilding its economy and institutions under the current ECF-supported programme.