IMF Videos

Middle East and Central Asia

IMF and World Bank approve debt relief for Somalia

  • March 25, 2020

  • 1759 Views

  • 01:01

This initiative will immediately reduce Somalia’s debt from US$5.2 billion to US$3.7 billion in net present value (NPV). If Somalia sustains these reforms, almost all of its debt will be written off in about three years.