Mogadishu, (SONNA) – The Minister of Finance of the Federal Government of Somalia, H.E Bihi Iman Egeh signed a debt relief agreement worth ¥14 billion which is almost a hundred million dollars together with the Japanese representative, Mr. Ogihara Hiroshi who is the Deputy Head of Mission of the Japan Embassy in Kenya.
“This follows the successful debt relief process and the Paris Club agreement of March this year, which supported debt cancellation for Somalia. I thank the Japanese government and people for their unwavering support of our economic reforms and growth,” Minister Bihi said.
Minister Egeh thanked the people and the government of Japan for relieving the debts they owed to Somalia and said that this move will help Somalia to step up and restructure its financial system and to increase the national income so that we can reach financial freedom.
