Tuesday March 11, 2025
By Liban Obsiye
On 13th December 2024, Somalia reached the Highly Indebted Poor Countries Initiative (HIPC) Completion Point to attain debt relief from the major creditors including the World Bank, African Development Bank and International Monetary Fund (IMF). This was a historic moment which showcased the Somali governments capacity to consistently deliver reforms in the most challenging circumstances and unchain its people from over 4.5 billion US Dollars of unsustainable debt. This was even more remarkable as the Somali authorities achieved this in amidst an active campaign against international terrorism in the form of Al-Shabaab, one of Al-Qaeda’s most dangerous affiliates globally. Moreover, alongside the…
