"Somalia’s president, Hassan Sheikh Mohamud, said the country had been suffocating under the huge weight of unsustainable debt as interest payments that could not be paid accrued during the painful, prolonged period of state collapse."
"In a tweet on X, Mohamed Dubo, head of the Somali government's official investment promotion office, posted: Somalia can now face its future UNCHAINED."
"The US ambassador, Richard Riley, described it as a great day for both countries. This was the largest single component of the $4.5bn debt that Somalia owed to various countries, which was forgiven through the Heavily Indebted Poor Countries Initiative."
"Somalia's finance minister, Bihi Egeh, expressed gratitude, thanking the US government and people for their unwavering support of our economic reforms and growth."
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