Somalia has reached a historic milestone. On December 13, 2023, the International Monetary Fund (IMF) and the World Bank confirmed Somalia had hit the Heavily Indebted Poor Countries (HIPC) completion point, reducing external debt from 64 percent of GDP in 2018 to under 6 percent by end‑2023, signifying $4.5 billion in debt relief. That achievement was bolstered in … Continue reading OP-ED: Somalia’s Dawn After Debt Relief – Building Resilience via Capital Market Development and Private Sector-Led Growth