Mogadishu, Sunday, November 03, 2019 — The Prime Minister of the Federal Government of Somalia, Hassan Ali Khayre, met with the World Bank Vice President, Hafiz Ghanim, who arrived in the country today and cut off the World Bank’s new office. opened in Mogadishu.

The meeting attended by IFC regional director for Africa, Ms Jumoke Jagun-Dokonmu addressing speed insertion of the debt rescheduling, the decision point in February 2020, and job creation for young people.

Hafiz Ghanim expressed his delight at the visit as a reflection of the World Bank’s commitment to supporting Somalia, the government’s good work and the improvement of the country’s financial institutions, and thanked government officials for good leadership.

Prime Minister Hassan Ali Khayre thanked the World Bank for its support to the Somali people and the government and assured that the government would continue efforts to reach the point of February.

After meeting with the Prime Minister, Hafiz Ghanim held a joint press conference with the president’s office, HE Mohamed Abdullahi Mohamed Farmajo and Prime Minister Hassan Ali Khayre.

The President praised the government’s efforts to secure debt consolidation and improve the financial management system, thanking the World Bank for the continued support of the Somali people and government.

The federal government of Somalia and a strong effort into debt rescheduling plan, managed to meet all the requirements looga full debt waiver of SMP1, SMP2, and SMP3, a gebabeba of the relief SMP4.