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    Home»News in English»United States has officially canceled $1.14 billion of debt that Somalia owed
    News in English

    United States has officially canceled $1.14 billion of debt that Somalia owed

    Jibril Qoobey.By Jibril Qoobey.November 5, 2024No Comments1 Min Read
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    Ambassador Riley and Minister of Finance, Bihi Egeh, signed a bilateral agreement that forgives Somalia’s $1.14 billion debt to the United States.

    This $1.1 billion in debt relief is in addition to the $1.2 billion of development, economic, security, and humanitarian assistance the United States has provided to Somalia just this fiscal year. The United States continues to be a steadfast partner in support of the people of Somalia.

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