ANALYSIS – Somalia’s debt relief process: Relevance and reform lessons

– Liban Obsiye is the Chief Policy Coordinator at the office of the Minister of Finance of Somalia. 

– Abdinor Dahir is Researcher and Horn of Africa Analyst at TRT World Research Centre.

ISTANBUL 

Somalia must have shocked the world in the last few weeks as the World Bank, the African Development Bank, the International Monetary Fund (IMF) and the Paris Club creditors came together to wipe off most of Somalia’s debts to their institutions and countries.

Through the latter part of February to early March 2020, the international financial institutions announced that Somalia had made the difficult but necessary

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