2 December, 2024
Somalia has finalized a debt relief agreement with France totaling $145.6 million, marking another significant milestone in the country’s economic recovery efforts.
Somalia’s Finance Minister Bihi Iman Ege signed the agreement with French Ambassador Arnaud Suquet, building on recent debt relief successes.
Last month, Somalia achieved notable debt relief agreements with key international partners, including the United States, which held the largest portion of the country’s debt, as well as Japan and Denmark. The latest French agreement further solidifies Somalia’s progress in economic rehabilitation.
The debt relief comes after Somalia’s successful completion of the Heavily…
