US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement

By Deeq A., November 6, 2024 in News - Wararka

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Deeq A.

Posted November 6, 2024

Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be cancelled by the US, a sum representing about a quarter of the country’s remaining debt.

Source: Hiiraan Online

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