As part of a major collective international effort, #Norway carried out a loan operation on 5 March that enabled #Somalia to pay off all its debt arrears to the @WorldBank’s #IDA fund. The loan of almost USD 366 mill was repaid within 5 hours. https://t.co/VbEezguOQS 🇳🇴🇸🇴

2020-03-06 13:05:14

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Norway assists Somalia en route to debt relief

Norway carried out a loan operation on 5 March that enabled Somalia to pay off all its debt arrears to the World Bank’s International Development Association (IDA). The loan of almost USD 366 million was repaid within 5 hours. The Norwegian central ban...