Somalia Finance Minister to Asharq Al-Awsat: We Settled $4.5 Bln in Debt with Saudi Support

[Deeq A.]

Somalia’s Minister of Finance Bihi Iman Egeh announced that the country has successfully settled around $4.5 billion in debt under the Heavily Indebted Poor Countries (HIPC) Initiative led by the International Monetary Fund (IMF). He attributed this milestone to major institutional and financial reforms, as well as increased domestic revenue mobilization.

Source: Hiiraan Online