The Arab Monetary Fund (AMF) has signed a Memorandum of Understanding with the Federal Republic of Somalia to restructure the debt Somalia owes to the AMF. The AMF said the restructuring is intended to ease Somalia’s financial burden and strengthen its ability to continue with economic reform and sustainable development. Somalia’s debt to the Fund spans more than 40 years, and the adjustment is positioned as part of the AMF’s new strategy to support Arab countries.
Arab Monetary Fund 2025-04-09
Arab Monetary Fund signs MoU with Somalia to restructure Somalia’s long-standing debt to the Fund
The Arab Monetary Fund signed a Memorandum of Understanding with Somalia to restructure its over 40-year debt, aiming to alleviate financial burdens and support economic reform and sustainable development as part of the AMF's new strategy for Arab countries.