Somalia signed a loan forgiveness agreement with the Danish government

The Minister of Finance of the Federal Government of Somalia Mr. Bihi Iman Cige and the Danish Ambassador to Somalia Mr. Today, Steen Sonne Andersen jointly signed an agreement in Mogadishu with the Government of Somalia forgiving the money owed by the Government of Denmark to the Government of Somalia.

This agreement, follows special negotiations that the Minister of Finance of Somalia had with all the members of the Paris Club countries that decided in March 2024, that they forgave Somalia’s debts, which decision also mandated that The government of Somalia should deal with countries that have debts.

The Minister of Finance of the Federal Government of Somalia, Mr. Bihi Iman Cige, in a brief statement issued after the agreement said, “The fruits of the financial reform program and the success of the debt relief process have been achieved. We thank the Danish Government. which is a valuable partner and part of the financial development of Somalia”.


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