Somalia: IMF Managing Director Christine Lagarde Supports Somalia's Efforts to Achieve Debt Relief

document

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met with Hassan Ali Khaire, Prime Minister of Somalia yesterday in Washington and issued the following statement:

"I was very pleased to meet with Prime Minister Khaire and his economic team at the IMF headquarters. We had a very productive meeting and exchanged views on Somalia's impressive progress in building institutional capacity and implementing its economic reform program amid a continuing fragile security situation. The prime minister reiterated the government's strong commitment to the policies under the Staff Monitored Program (SMP), which expires at the end of the month.

"Following satisfactory completion of the current SMP, I am optimistic that a follow-up program can be agreed that meets one of the key requirements for Somalia to reach the Decision Point under the Heavily Indebted Poor Countries (HIPC) Initiative. Continued strong performance, together with support from international partners, will pave the way for Somalia to receive debt relief in the near future. In this regard, I assured the prime minister of the IMF's full support for Somalia's efforts."

See What Everyone is Watching

More From: IMF

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.