what āeconomic reformsā?Thanks to HSM economic reforms
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Top 10 African countries with the lowest debt to the IMF at the end of 2024
For governments dealing with economic difficulties, the International Monetary Fund (IMF) is often a go-to source for stabilizing economies and spurring growthafrica.businessinsider.com
The financial bill passed by Parliament increased taxes, including a 5% VAT tax on sales. This tax has prevented the government from borrowing money from the IMF during budget deficits
It's not good. Just look at our neighbors Ethiopia has already filed for bankruptcy, and the devaluation of its currency is happening now, causing inflation and economic instability. Kenya is on the verge of the same path. Taking billions from the IMF with insane interest rates will definitely wreck your economy. I'm glad HSM has abandoned that route. We will build the infrastructure of our country with the revenues we generate from our oil soon we don't have to fall into that trapJust imagine the type of developments that we can make with these loans.Upgrade the whole country's infrastructure and much more.
By that logic, we will not see a paved highway in 100s of years. I agree not to be reckless but this loan has to be taken sooner than later
Only country on the list with a population above 3 million. Good stuff.Thanks to HSM economic reforms
View attachment 351793
Top 10 African countries with the lowest debt to the IMF at the end of 2024
For governments dealing with economic difficulties, the International Monetary Fund (IMF) is often a go-to source for stabilizing economies and spurring growth
Its all going to happen in this year 2025
And still we haven't tapped any of our natural resources our economy will blow like nuclear bomb the day we start exporting our untapped natural resources.
Its been implement in Puntland since 2018.
Loan will use to buy villas at UAE and Turkey.
waa lana ka deebay.Thanks to HSM economic reforms
View attachment 351793
Top 10 African countries with the lowest debt to the IMF at the end of 2024
For governments dealing with economic difficulties, the International Monetary Fund (IMF) is often a go-to source for stabilizing economies and spurring growth
Imf isn't charity those loans would come with devastating ecconmical changes.Just imagine the type of developments that we can make with these loans.
Never, china will suck us dry and leave us with nothing. Look at what they are doing in other parts of africa.
We donāt have any capital if we have a strong leader with a backbone who can negotiate with china
Its not a good idea overall for a Weak, Vulnerable and fragile nation like ours to deal with china, regardless if we got a good leader or not.
We have to start somewhere Somalia has no capital itās either America or china there the world largest economies by large margins
