Somalia
US writes off part of Somalia's Debt
- By solomon2day
- On 19/12/2019
- Comments (0)
- In News
The United States of America has written off and undisclosed amount of Somalia's debt.
This disclosure was made by Somalia-born Congresswoman Ilhan Omar on her verified Twitter handle.
“I am thrilled we were able to secure debt relief for Somalia today. This doesn’t just have an impact on Somalis in Somalia, but on the thousands of Somali- Americans who live in my district and have family in the region,” Omar said.
Somalia is indebted to the United States of America to the tune of $1Billion spread over the past years, its entire entire debt is $4.7 Billion
In October, Norway announced bridging loan approval for Somalia to enable it pay arrears a $350million debt owed the World Bank.
