Somalia

The International Monetary Fund (IMF) and the World Bank's International Development Association announced on Wednesday that Somalia has taken all the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC)...

The Federal Government of Somalia on Thursday cleared arrears to the International Development Association (IDA), completing the process of normalizing financial relationship with the World Bank Group, re-establishing access to new resources from IDA, and paving...

The World Bank Board of Directors on Thursday moved toward normalizing financial ties with Somalia after thirty years.The World Bank said the renewed relations will open up opportunities for Somalia to access...

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Wednesday morning announced that IMF had secured sufficient financing pledges to provide 'comprehensive debt' relief to Somalia.In a statement from Washington D.C., the...

Democracy is returning to the federal republic of Somalia after nearly 50 years. On Friday, President Mohamed Abdullahi Farmaajo signed the long-awaited election bill into law during a historic event at the State House, Villa Somalia.

Somalia is eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative, the Executive Boards of the International Monetary Fund (IMF) and World Bank said on Thursday, following a two-day meeting in Washington...

Amnesty International warned on Wednesday that "a surge in violent attacks, threats, harassment and intimidation of media workers" as well as blatant bribery and social media hounding have turned Somalia into one of the most dangerous...

Amnesty International on Monday called on Kenyan authorities to immediately detain Abdirashid Janan a regional security minister in Somalia who was arrested for serious crimes on 31 August 2019 but recently escaped from detention and is currently in...

The International Monetary Fund (IMF) has reached a preliminary agreement with Somalia on a new three-year loan under an extended credit facility (ECF) and an extended fund facility (EFF).The preliminary agreement is...

A bomb blast on Saturday morning killed at least 76 people in Mogadishu, the capital of Somalia.No one has claimed responsibility for the attack, but al-Qaeda-affiliated Islamist militia al-Shabab has regularly attacked...