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Mogadishu (HOL) -Prime Minister, Hassan Ali Khaire said that international partners have agreed that Somalia had made visible changes in public finance management, good governance and economic recovery.

The PM's comments came after a recent high-level roundtable in Washington attended by Somalia’s Finance Minister, Abdirahman Beileh, lauded the developments made by Somalia in the financial sector.

PM Khaire mentioned that officials from the International Monetary Fund (IMF) and the World Bank finally agreed to support Somalia resume printing its currency.


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“One year ago, we promised to improve the country’s economic situation, a few days ago our finance minister has attended a meeting in Washington, where it was acknowledged that the Somali government had made a big achievement in the financial and economic reform agenda. Thus, participants agreed to help Somalia resume its banknotes for the first time since the government collapsed in 1991,” he said.

He added that some European nations have also pledged to begin providing direct financial support to the federal government channelling the financial aid via the Central Bank.

He noted that the debt clearance path is now open for the federal government.

According to the IMF, Somalia's external debt stands at about $5.2 billion. Somalia has not made a service or amortization payment on the debt since civil war broke out nearly three decades ago. As a result, the majority of the debt is interest and penalties accrued since the collapse of the central government.

Much of the principal debt dates back to the Cold War when the world's superpowers battled for supremacy in Somalia and the horn of Africa. Almost all of Somalia's debt burden is accounted for by arrears on credit advanced in the early 1980's, well before most of Somalia's population - where 60% of the population is estimated to be under the age of 25 - was born.

Somalia's government has undergone an aggressive campaign to access debt relief which includes adherence to an IMF staff-monitored programme.

The IMF estimates that economic growth is set to quicken to 2.5 percent in 2018 from 1.8 percent in 2017.

Earlier this year it was announced by the Ministry of Finance that $42.5 million was raised in domestic revenue during the first quarter of 2018, a fiscal milestone since the collapse of the central government in 1991.

zoomalia isnt even a fourth world sh*thole, its far worse yet folk think anyone else has a care for the carcass formerly under un trusteeship (1950-1960)

the normal third world trash are kept on a short leash by the major world powers

bro i dont hate no one personally but i will spit venom on those hating us in SL, i have a life outside here but will on occasion give my 2 cents whenever necessary

ultimately a two state solution will end the hate between our peoples

Any split however will only be feasible with a Somali state sanctioning it.

Any split however will only be feasible with a Somali state sanctioning it.

The Split has already happened, in 1991.
You are not going to agree with it until you are forced to actually face it.
The problem is that you are not a real country yet, you are crawling your way towards sovereignty,
but you are still a UN/AU trusteeship in all but name.

instead of keeping your brother down out of spite, you could have focused on your own problems and adressed them, then we can move on to reconciliation and towards unity.

I know it sounds paradoxical but the biggest obstacle to Somali unity and Somaliweyn is lack of SL recognition. By fighting SL's existence you insure continuing bad blood and hatred, and you should know that the majority of the population were born after 1991, and never knew the Somali republic other than an enemy state.

recognition now, means that we could have cordial relations, economic links etc, and within a generation the bad blood would be gone and a natural movement towards unity would happen.

1. the Somali parliament has never even considered recognizing SL because they do not have the mandate to do so.

2. SL is far from ready to be recognized as it is divided and made up of different factions both politically and militarily.

1. the Somali parliament has never even considered recognizing SL because they do not have the mandate to do so.

ofcourse hence the issue of sovereignty. build a real government first.

2. SL is far from ready to be recognized as it is divided and made up of different factions both politically and militarily.

The reality on the ground is that SL controls the majority of its territory and population.
There is no real opposition, Khatumo is dead and was never sustainable it relied attempting to incite violent repression from isaaq so that Dhulbahante could be unified.
We didnt fall for it and minmized violence. No Isaaq attack means Dhulbahante will never unite.
So we can ignore millitant holdouts on the borders, we can even turn a blind eye to the warsengeli when they play both sides ( SL and Puntland). no harm done..

Infact we have more f our territory and borders under our controls than dozens of countries with seats in the UN, including big ones like Pakistan a nuclear power, Ukraine, Iraq, central african republic etc.

loooooool, nurse....the OP has escaped the lunatic asylum again

zoomalia is dead and will never recover haha