BERITA TAMBAHAN :
Debt Cancellation
While Somalia qualifies for debt cancellation, it would have to clear arrears that are part of $5.3
billion owed to international creditors such as the IMF, World Bank and African Development
Bank to secure fresh funding, Thiam said. Writing off Somalia’s loans depends on progress
toward curbing corruption, introducing a new currency and an effective monetary policy in the
$6 billion economy.
“There are hurdles,” Thiam said. “But there is a general willingness from creditors to write off
Somalia’s debt when the time comes, it’s a good prospect. They will not be asked to repay the
debt tomorrow, so they have time to work on consolidating their economic base. The debt is an
issue that will be resolved some time.”
Before it's here, it's on the Bloomberg Terminal.