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After $4.5bln write-off, Somalia courts creditors for more debt relief
Two years after wiping out more than 90 percent of its external debt, Somalia is back at the negotiating table with foreign lenders, seeking further relief to stabilise strained public finances and keep economic reforms on track. Mogadishu secured debt relief of about $4.5 billion, equivalent to more than 90 percent of its external debt stock, in December 2023, marking the end of a decade-long process of negotiations and reforms. [...]