Giant Strides: Somalia Secures $1.4 bn Debt Cancellation

Somalia Secures $1.4 bn Debt Cancellation The Paris Club of creditor countries has agreed to restructure Somalia‚Äôs external public debt with an immediate cancellation of 1.4 billion U.S. dollars. Somalia has been pushing for the cancellation of its ballooning debt, some of which dates back over four decades ago when the country was fighting the…