FTL Somalia

IMF to Determine Somalia’s Debt Relief Fate on December 13

Somalis will know about the fate of their debt relief status on December 13.

The International Monetary Fund (IMF) Board will meet on Wednesday next week to discuss the matter before relaying their decision.

Largely, the widespread expectation is that the IMF Board would grant Somalia full debt relief status.

A month ago, a staff-level agreement approved the disbursement of $100 million under the Extended Credit Facility (ECF) for 36 months.