Somalia nears debt relief

[Crow]

The full paper is here.
http://www.cadtm.org/Debt-Cancellation-for-Somalia
I just wanted to share some interesting figures.

Acronyms
AfDB: African Development Bank
DPO: Development Policy Operation (of the World Bank)
DSA: Debt Sustainability Analysis
DSF: Debt Sustainability Framework
ECF: Extended Credit Facility
FCAS: Fragile and Conflict Affected Situations
FGS: Federal Government of Somalia
HIPC: Heavily Indebted Poor Country
IDA: International Development Agency
IFI: International Financial Institutions
IMF: International Monetary Fund
MDRI: Multilateral Debt Relief Initiative
NDP: National Development Plan
NDS: New Partnership for Somalia
NPV: Net Present Value
PRSP: Poverty Reduction Strategy Paper
SCF: Standby Credit-Facility
SMP: Staff Monitored Program
TSF: Transitional Support Facility
TWG: Technical Working Group
UCT: Upper Credit Tranche

 

[SomaliMVP]

 

[Crow]

$2 million for Siad Barre's Nigerian toilet?

 

[.279]

Say thank you farmaajo

 

[Farm]

What happens when we get access to international loans? Will they spend it on much needed infrastructure or destabilizing federal states?

 

[.279]

What happens when we get access to international loans? Will they spend it on much needed infrastructure or destabilizing federal states?

2 birds with one stone

 

[Crow]

Say thank you farmaajo

Thank you Farmaajo.

 

[.279]

View attachment 65233
Thank you Farmaajo.

War dee now you're getting greedy, man is giving you debt relief and you want him to also end corruption in only 2 years? Dude ain't a miracle worker

 

[embarassing]

War dee now you're getting greedy, man is giving you debt relief and you want him to also end corruption in only 2 years? Dude ain't a miracle worker

He knows the corruption perception index is meaningless. Its based on perception and not evidence.

 

[AarLibaax]

Thank you Nabad & Nolol

After 30 years, we will finally recover our credit worthiness. Big thanks to Minister Beileh and his team. 2019 will be a big year for Somalia

 

[Crow]

Thank you Nabad & Nolol

After 30 years, we will finally recover our credit worthiness. Big thanks to Minister Beileh and his team. 2019 will be a big year for Somalia

I have to say that in between threatening the life of an honest woman and a telling male citizen to show him his balls just because he wanted to know what the minister spent on the millions that he stole, the Honourable Minister Beileh is doing a fantastic job. Nabad iyo Nolol.

 

[AarLibaax]

the Honourable Minister Beileh is doing a fantastic job. Nabad iyo Nolol.

Just leave it at that

 

[Shaolin23]

I have to say that in between threatening the life of an honest woman and a telling male citizen to show him his balls just because he wanted to know what the minister spent on the millions that he stole, the Honourable Minister Beileh is doing a fantastic job. Nabad iyo Nolol.

 

[Dues Ex Machina]

https://africa.cgtn.com/2019/02/11/...s4-6-billion-international-debt-cancellation/
Update on this as the African Union summit is still ongoing.

"The African Union Commission announced it would support plans by the Somali authorities to seek an international debt cancellation which would allow the country to receive international assistance."

 

[AarLibaax]

African Union just riding the bandwagon.
They know the cancellation is imminent.

Somalia is heading to a great future, au, igad and all the other nonsense African organisation better start singing to our liking