Somalias prime minister has called on multilateral lenders to accelerate the debt-forgiveness process so that the country can access funds to fight terrorism and its underlying causes.
Somalia owes around $4bn, most of it interest and penalties on nearly three-decades-old loans made to the former military government of Mohamed Siad Barre, whose overthrow in 1991 plunged the country in the Horn of Africa into years of lawlessness and civil war.
Those arrears make it almost impossible for Mogadishu to access new funds from the International Monetary Fund or the International Development Association, the soft loan arm of the World Bank that has…
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