Somalia has finally secured debt relief to the tune of $4.5 billion.
The International Monetary Fund (IMF) and the World Bank announced this historic news to the world on December 13.
Addressing the nation when the news broke on Wednesday night, President Hassan Sheikh Mohamud attributed this to the unwavering spirit and commitment of the people of Somalia.
“Debt relief now opens the door to a future full of prosperity and development for all Somalis,” added the President in his televised speech.