US forgives $1.14 billion debt for Somalia, boosting economic recovery

[Deeq A.]

Mogadishu (HOL) — The United States has forgiven $1.14 billion in debt owed by Somalia, providing a boost as it works to stabilize its economy and rebuild essential public services. US Ambassador to Somalia Richard Riley announced the debt relief in Mogadishu, describing it as a clear sign of America's commitment to Somalia's future.

Source: Hiiraan Online