The Minister of Finance of the Federal Government of Somalia, HE Abdirahman Duale Beyle, has explained the path to finally pardon Somalia and its debtors.
Minister Beyle told National Media that he is now in the process of extending the pardon of Somalia, adding that the leaders of the three banks will hold special meetings on how to pardon Somalia from its debts.
“We owe money to the three parties, namely the World Bank, the IMF and the African Development Bank, who are leading the way,” said Minister Beyle. ” IMF and world Bank issued their resolution that the country earned from debt forgiveness ,as they carried out what they were expected to do
The Somali Finance Minister has revealed that he will meet with World Bank officials in Washington on July 27 to sign a loan agreement with Somalia.
The Minister of Finance of the Federal Government of Somalia Dr Abdirahman Duale Beyle praised the World Bank and IMF’s statement that Somalia deserves to be forgiven for the huge debt owed. “