Mogadishu, (SONNA)—The Minister of Finance of the Federal Government of Somalia, H.E Bihi Iman Egeh, and the Ambassador of the United States to Somalia, Amb. Riley signed a bilateral agreement to relieve Somalia of its $1.14 billion debt to the US.
This follows the successful debt relief process and the Paris Club agreement in March this year, which supported debt cancellation for Somalia. “I thank the U.S. government and people for their unwavering support of our economic reforms and growth,” Minister Egeh said.
This $1.1 billion in debt relief is in addition to the $1.2 billion of development, economic, security, and humanitarian assistance the United States has provided to Somalia just this fiscal year. The United States continues to be a steadfast partner in support of the Somali people.
