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“This is a Testament that our Country and Our People are Financially Viable” – Somalia PM

Somalia’s government on Wednesday held celebrations in the capital, Mogadishu, after the IMF and the World Bank announced $4.5bn in debt relief for the country. Prime Minister Hamza Abdi Barre says that the relief is “equivalent to relieving every Somali person of a debt of more than $300”. “This is a testament that our country and our people are financially viable, attracting foreign investment, and we are no longer debt-ridden,” he adds. PM Barre says the relief is monumental as it will allow Somalia to invest in development programs, revitalise the economy and borrow money from international lending institutions.