US Forgives $1.14 Billion of Somalia’s Debt in Bilateral Accord
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The US has forgiven $1.14 billion of debt owed by Somalia following a bilateral agreement between the two countries, according to the US ambassador in Mogadishu, Richard Riley.
The debt relief is in addition to $1.2 billion of development, economic, security, and humanitarian assistance the US has provided to Somalia this fiscal year, Riley said in a statement on X.