US writes off over $1 billion of Somalia debt

US writes off over $1 billion of Somalia debt …C0NTINUE READING HERE >>>

Somalia is one of the poorest countries in the world.
Photo: STAFF / AFP
Source: AFP

The United States and Somalia reached an agreement on Tuesday for Washington to cancel more than $1 billion debt owed by the troubled Horn of Africa nation.

The announcement came a day after the parliament in Somalia, which is heavily dependent on international aid, approved a $1.36 billion national budget for 2025.

Somalia is one of the poorest countries on the planet, enduring decades of civil war, a…

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