Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    SNA Ground Forces Commander visits Middle Shabelle frontlines, encourages troops
    June 28, 2025
    Somali Minister of Ports Joins Global Leaders at Istanbul Transport Connectivity Forum
    June 27, 2025
    Djibouti Erupts in Grand Celebration Marking 47 Years of Independence
    June 27, 2025
    President Hassan Sheikh Sends Congratulatory Message to Djibouti, Reaffirming Strong Bilateral Ties
    June 27, 2025
    Djibouti Marks 48th Anniversary of Independence Amidst Celebrations and Historical Reflection
    June 27, 2025
  • World News
    World NewsShow More
    Protests intensify in Los Angeles after Trump deploys hundreds of National Guard troops
    June 9, 2025
    31 Palestinians are killed heading to a Gaza aid site, witnesses say. Israel denies responsibility
    June 7, 2025
    Hajj Season 1446 AH: Synergy Between Technology and Humanity in Serving the Guests of Allah
    June 6, 2025
    Machine Gun, AK-47 Rifles Recovered as 4 Al-Shabaab Terrorists are Killed in Garissa
    June 3, 2025
    Israel kills 2 Gaza aid seekers as UN warns of ‘catastrophic hunger’
    May 31, 2025
  • Articles
    ArticlesShow More
    Reviving Somalia’s Tourism and Hospitality Sector: A Path Toward Economic Resilience and Cultural Renaissance
    June 21, 2025
    Somalia’s Strategic Path in a Resurgent China-Africa Partnership
    June 12, 2025
    Remarks on Somalia’s participation in the China-Africa Economic and Trade Expo
    June 13, 2025
    Hajj Season 1446 AH: Synergy Between Technology and Humanity in Serving the Guests of Allah
    June 6, 2025
    Wind power turbines line a mountain range in Ji’an, Jiangxi province, July 9, 2022.
    What China’s climate action means for the planet’s future?
    June 5, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
    Somalia set for two int’l friendlies ahead of WC qualifier clashes against Algeria and Uganda
    October 10, 2023
    Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
    October 3, 2023
  • Tenders
    TendersShow More
    Quay Renovation Works – Supply and Installation of Fenders and Bollards
    April 11, 2025
Reading: Somalia’s Economic Reforms and Debt Forgiveness Take Center Stage in U.S. Meetings
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > Local News > Somalia’s Economic Reforms and Debt Forgiveness Take Center Stage in U.S. Meetings
Local News

Somalia’s Economic Reforms and Debt Forgiveness Take Center Stage in U.S. Meetings

By Abdiqani Abdullahi
Last updated: April 19, 2024
2 Min Read
Share

WASHINGTON, D.C. – In a series of pivotal meetings held in Washington, the Minister of Finance of the Federal Government of Somalia, Mr. Bihi Iman Ige, has been actively engaging with international counterparts during the spring conference of the International Monetary Fund (IMF) and the World Bank.

Norway’s Support in Debt Forgiveness: During a productive encounter with Mrs. Anne Beathe Tvinnereim, the Minister of International Development of the Government of Norway, Mr.Ige expressed gratitude for Norway’s instrumental role in Somalia’s debt forgiveness process. The discussions highlighted the successful stages of financial reform that Somalia has undergone, leading to significant debt relief for the nation.

United Kingdom’s Solidarity: A separate meeting with Mr. Nick Dyer, Deputy Permanent Secretary of the Foreign Affairs Development Office, focused on the current state of Somalia’s economy. The talks centered on collaborative efforts to enhance revenue generation and financial strategies amidst the challenges posed by climate change. The Minister of Finance XFS also acknowledged the UK Government’s recent decision to cancel all debts owed by the Somali Government, marking a complete debt forgiveness.

IMF’s Future Plans for Somalia: An important dialogue took place between the Somali delegation, led by Mr.Ige, and Mr. Jihad Azur, the Director General of the IMF for Arab and Central Asian countries. The conversation revolved around the IMF’s upcoming plans for Somalia’s financial and economic development over the next three years.

These meetings underscore Somalia’s commitment to economic advancement and achieving financial self-sufficiency. With the burden of debt lifted, the government is poised to implement comprehensive funding strategies that will propel the country towards a more robust and independent economic future.

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Official Reopening of the Ministry of Foreign Affairs Archives

CultureEducationLocal News
November 23, 2024

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

SNA Ground Forces Commander visits Middle Shabelle frontlines, encourages troops

Mogadishu, (SONNA) — The Somali National Army’s Ground Forces Commander, Gen. Sahal Abdullahi Omar visited…

June 28, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

Arab League condemns Ethiopia’s “expansionist ambitions” in Somalia

The foreign ministers of the Arab League held an emergency meeting on Wednesday virtually to discuss the recent developments in…

Local News
January 18, 2024

Somalia’s Foreign Minister Fiqi Engages in Diplomatic Talks with Ukrainian Counterpart

Mogadishu, Somalia – The Minister of Foreign Affairs and International Cooperation of Somalia, Ambassador Ahmed Moallin Fiqi, held a constructive…

Local News
January 16, 2025

SNA conducted a mine clearing operation

Mogadishu (SONNA) - The Somali National Army (SNA) has conducted a mine-clearing operation on the roads leading to Awdheegle district…

Local News
December 25, 2021

OPM Permanent Secretary chairs key meeting on accelerating government operations

Mogadishu, (SONNA) - The Permanent Secretary of the  Office of the Prime Minister (OPM), Mr. Kamal Dahir Guutaale, chaired a…

Local News
February 16, 2025

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?