AMF signs MoU with Somalia to restructure debt

The Arab Monetary Fund (AMF) has signed a memorandum of understanding (MoU) with Somalia to restructure debt that has accumulated over more than 40 years, aiming to ease the country’s financial burden and support its economic reform efforts.

AMF Director General Chairman Fahad M. Alturki reaffirmed the Fund’s commitment to helping member states achieve financial stability and sustainable growth. Moreover, the agreement aligns with the AMF’s new strategy to enhance support for Arab countries.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama