More than 100 IMF members have pledged to provide $334 million in debt relief for Somalia, which then will unlock fresh funds to help the country, the International Monetary Fund announced on Wednesday.

The debt relief will clear the arrears the government has with the IMF, the statement said.

IMF Managing Director Kristalina Georgieva said with financing pledged, the African nation is one step closer to the final step “which will significantly reduce Somalia’s total debt and enable access to new resources to jumpstart growth and begin reducing poverty.”

By Dr Mercy Alu

I am a mother, HR consultant, author, Goodwill Ambassador with Globcal (a partner with UN on SDG's in Africa), coordinator with International Association of African Authors/Scholars, a songwriter/recording artist, researcher, and social anthropologist of sorts! I believe we should all live our best lives, and enjoy helping organizations and individuals perform better. I and my guest authors love to share information about the world around us; African events & Entertainment, plus lots of good information about Health, Wellness, Family, Book Publishing, Business, Relationships, Culture, Folk Stories, and much more. I speak several languages including French and Igbo (a West African Language). I enjoy research, writing, reading, singing and finding out lots of things about, well, lots of things! Knowledge is power. So information and knowledge gained from experiences, observation, all flavor the things I write about in the exciting blog portion of this website. Feel free to drop me a line or two, I also want to hear from you!

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