War-ravaged, impoverished Somalia starts on road to debt relief

Published: 26/03/2020
War-ravaged, impoverished Somalia starts on road to debt relief
Source: NEWS.YAHOO.COM

Shattered by decades of war, Somalia can finally look forward to rebuilding normal economic ties with the world after the IMF and World Bank announced it had taken the necessary steps to see most of its $5.2 billion of external debt forgiven. The decision announced on Wednesday allows the Horn of Africa nation to get badly-needed grants from the World Bank and African Development Bank to combat a

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