America Tightening the Noose on Somalia’s Neck via IMF and World Bank
- Published in Al-Rayah
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Somalia for almost three decades was not eligible for World Bank’s International Development Association (IDA) funds because it owes the bank and the International Monetary Fund (IMF) over $800m as part of a $5.5bn debt most of it interest and penalties owed to multilateral and bilateral creditors incurred in the 1980s.
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