US cancels $1.1 billion Somalia debt in latest win for Mogadishu
US ambassador to Somalia Richard H. Riley and Somalia Finance minister Bihi Iman Egeh signed the debt relief agreement in Mogadishu on November 5, 2024. via X
The US has written off more than $1.1 billion of Somalia’s debt, signalling Mogadishu’s continued wins in the international arena.
At a brief ceremony at the US Embassy grounds in Mogadishu, Washington’s officials said Somalia would no longer be burdened by the money it owed, allowing Mogadishu to redirect its spending to urgent matters.
