Somalia on the verge of significant debt relief

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Published Mar 6, 2020

Somalia is on the verge of getting debt relief of at least a third of its outstanding debt load of $ 5.3 Billion Dollars. Between them, the IMF and the African Development Bank have secured at least $ 400 Million dollars in funding to help clear the country's arrears, and allow it to get access to fresh credit. But why is Somalia only looking at a partial debt write off? That's a question I posed earlier to Gabriel Negatu. He ran AfDB's operations in Eastern Africa until 2019. Now, he is a senior fellow at the Atlantic Council.

Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY

Follow us on:

Facebook: https://www.facebook.com/cgtnafrica/
Twitter: https://twitter.com/cgtnafrica
Instagram: https://www.instagram.com/cgtn_africa/