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Last Update: ،
2025/04/19
Time
12:11:42
Latest News:
US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia
Marib Governor's Deputy Meets with WFP Deputy Representative over Food Crisis Response
PM Emphasizes Role of Expatriates in Homeland Development
PM receives Resident Representatives of UNDP in Yemen
Vice Foreign Minister Discusses Developments in Hodeidah Governorate with Deputy Head of UNMHA
Latest News:
US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia
Marib Governor's Deputy Meets with WFP Deputy Representative over Food Crisis Response
PM Emphasizes Role of Expatriates in Homeland Development
PM receives Resident Representatives of UNDP in Yemen
Vice Foreign Minister Discusses Developments in Hodeidah Governorate with Deputy Head of UNMHA
Somalia, Denmark sign debt forgiveness agreement
[19/11/2024 01:07]
MOGADISHU-SABA
The Somali federal government and the government of Denmark signed a joint agreement in Mogadishu today, Tuesday, to forgive Somalia from debt to Denmark, in a move that reflects the success of financial reform efforts led by the national government.
According to the Somali National News Agency (SONNA) the agreement was signed by Somali Finance Minister Bihi Aggi and Danish Ambassador to Mogadishu Steen Son Andersen.
SONNA reported that this agreement follows negotiations conducted by Somalia with members of the Paris Club, which resulted in a decision in March 2024 to forgive the debts of many countries on Somalia, while obliging the federal government to negotiate with other creditor countries.
In a brief statement following the signing of the agreement, the finance minister said: "We thank the Danish government as a valuable friend who supports financial development in Somalia".
The Somali federal government and the government of Denmark signed a joint agreement in Mogadishu today, Tuesday, to forgive Somalia from debt to Denmark, in a move that reflects the success of financial reform efforts led by the national government.
According to the Somali National News Agency (SONNA) the agreement was signed by Somali Finance Minister Bihi Aggi and Danish Ambassador to Mogadishu Steen Son Andersen.
SONNA reported that this agreement follows negotiations conducted by Somalia with members of the Paris Club, which resulted in a decision in March 2024 to forgive the debts of many countries on Somalia, while obliging the federal government to negotiate with other creditor countries.
In a brief statement following the signing of the agreement, the finance minister said: "We thank the Danish government as a valuable friend who supports financial development in Somalia".
Key words:
According - negotiations - development - Ambassador - government - financial - following - statement - negotiate - countries -
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