The Arab Monetary Fund (AMF) has signed a $306.5 million debt relief agreement with Somalia.

The country’s finance minister Bihi Egeh confirmed the agreement yesterday (April 9) in a post on social media. He said it was crucial to Somalia’s debt relief efforts and to its continued engagement with the AMF.

The regional organisation said in a statement on the same day that the agreement aimed to restructure Somalia’s debt to the AMF, which it said went back 40 years.

The AMF seeks to foster co

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@centralbanking.com