Jump to navigation

Vol 59 No 19

Published 28th September 2018


Somalia

Money worries

The federal patchwork is barely holding together while a new currency launches. Farmajo's absence in New York is raising questions

The Finance Minister of the federal government, Abdirahman Bayle, believed he had good reason to congratulate himself at the end of a week of talks with the International Monetary Fund on 22 September. His country had fulfilled all 27 conditions for receiving debt relief, and is ready to issue a new currency. Only US$41 million is needed to complete the plan but with the blessing of the Fund the money should be found with ease.

End of preview - This article contains approximately 966 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.