{"id":435963,"date":"2025-02-11T17:40:52","date_gmt":"2025-02-11T14:40:52","guid":{"rendered":"https:\/\/sonna.so\/en\/?p=435963"},"modified":"2025-02-11T17:23:28","modified_gmt":"2025-02-11T14:23:28","slug":"somalia-secures-257m-debt-resolution-with-abu-dhabi-fund","status":"publish","type":"post","link":"https:\/\/sonna.so\/en\/somalia-secures-257m-debt-resolution-with-abu-dhabi-fund\/","title":{"rendered":"Somalia Secures $257M Debt Resolution with Abu Dhabi Fund"},"content":{"rendered":"

Dubai, (SONNA) – An agreement was reached between the Government of Somalia and the Abu Dhabi Development Fund (ADFD) to settle a debt of $257 million related to the Juba Sugar Factory project.<\/p>\n

The official signing was conducted by Somalia’s Minister of Finance, Hon. Bihi Iman Igeh, and Mr. Mohamed Saif Al-Suwaidi, Director General of the ADFD. This accord not only clears the outstanding debt but also sets the stage for future developmental collaborations in Somalia aimed at economic revitalization.<\/p>\n

On his X platform, Minister Bihi Iman Igeh stated, “We have agreed to settle 944.8 million AED ($257.3 million) with the Abu Dhabi Development Fund at the World Government Summit in Dubai, marking a significant step towards economic recovery for Somalia.”<\/p>\n

This agreement is a testament to Somalia’s ongoing efforts to stabilize and grow its economy following international debt relief initiatives, focusing on key areas like poverty alleviation and infrastructure development.<\/p>\n

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Dubai, (SONNA) – An agreement was reached between the Government of Somalia and the Abu Dhabi Development Fund (ADFD) to settle a debt of $257 million related to the Juba Sugar Factory project. The official signing was conducted by Somalia’s Minister of Finance, Hon. Bihi Iman Igeh, and Mr. Mohamed Saif Al-Suwaidi, Director General of […]<\/p>\n","protected":false},"author":120,"featured_media":435967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-435963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local"},"_links":{"self":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/435963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/comments?post=435963"}],"version-history":[{"count":2,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/435963\/revisions"}],"predecessor-version":[{"id":435969,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/435963\/revisions\/435969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media\/435967"}],"wp:attachment":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media?parent=435963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/categories?post=435963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/tags?post=435963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}