Mogadishu, (SONNA) – In a landmark move, the United Kingdom has fully absolved Somalia of its longstanding debt as part of the HIPC Initiative’s successful conclusion.
The Minister of Finance H.E Bihi Iman Egeh hailed the decision as a remarkable success, building on the progress made during last month’s Paris Club discussions.
“Today I confirmed to Finance Minister Bihi that the UK has cancelled 100% of Somalia’s historic debts. As Somalia’s debt relief champion, we are committed to helping attract investment and grow the Somali economy,” Deputy Ambassador Sam Thomas of the UK to Somalia said.
