IMF Debt Relief on track for December

[Avalanche]

Would be a waste of money to spend loans on.

It should be spent on things like ports, factories, power plants etc

That in itself does not have to cost much. Depending on the size of the loan, it is also enough to industrialize.

 

[bidenkulaha]

That in itself does not have to cost much. Depending on the size of the loan, it is also enough to industrialize.

Costs 200 million to build Afgooye and Balcad roads. Costs 200 million+ to build Garacad to Goldogob etc. Roads are expensive.

Invest in revenue raising projects, spend that revenue on road building. Don’t get loans for roads.

We could get the World Bank to rebuild the Highway without wasting IMF money

 

[Avalanche]

Costs 200 million to build Afgooye and Balcad roads. Costs 200 million+ to build Garacad to Goldogob etc. Roads are expensive.

Invest in revenue raising projects, spend that revenue on road building. Don’t get loans for roads.

We could get the World Bank to rebuild the Highway without wasting IMF money

An asphalt factory would perhaps also reduce costs as we import a lot.

 

[Macawisley]

Either way we have billion hanging over is in debt if it’s forgiven and we right back in debt with nothing to show for it joke is on cadaan people and Somalia back where it started before forgiveness

no, you need to create infrastructure that creates revenue by using the money you loan. It’s basically a mortgage and you keep paying it off with the income you generate.

 

[bidenkulaha]

An asphalt factory would perhaps also reduce costs as we import a lot.

Yh we should invest in things that reduce the cost to produce. Whether that’s raw materials or electricity

 

[Hilmaam]

no, you need to create infrastructure that creates revenue by using the money you loan. It’s basically a mortgage and you keep paying it off with the income you generate.

This is somalia I’m tempering expectations we don’t even pay govt workers and soldiers consistently. On top of this most FMS don’t pay taxes

 

[bidenkulaha]

IMF Debt Relief on track for December as IMF Completes Staff-Level Agreement with Somalia on the Sixth Review under the Extended Credit Facility (ECF)

IMF Staff Completes Staff-Level Agreement with Somalia on the Sixth Review under the Extended Credit Facility (ECF)

“Somalia has continued to make important progress in rebuilding its economy and institutions, but challenges remain significant. Notwithstanding the resumption of rainfall in 2023Q1, economic activity has been weighed down by the lingering effects of drought, recent floods, and subdued...

www.imf.org

ECF is complete

 

[bidenkulaha]

 

[bidenkulaha]

 

[bidenkulaha]

 

[bidenkulaha]

@Mr steal your naag 2 you made this all possible forever grateful

 

[Dalac Bilaash]

Finally December 2023 Is The End of Somalia Long Debt.

 

[Avalanche]

 

[Ismacilssc]

I agree but it ain’t good for PL’s stealth secession.

I’m glad you’re one of the sane one’s

stealth secessionist is a lie we want power and that only resides in a one somalia policy

 

[DR OSMAN]

@Ismacilssc I don't blame PL lack of confidence in Mogadishu unless u can answer these points

1. Halane holed up in shipping containers lol, great foreign confidence rite
2. Their locals or diaspora don't even support them and prefer shabab lol
3. Trusteeship hauled before the UN this means their irresponsible
4. Since the 90s nothing but negativity has come to PL from there, plus they don't see anything has changed but only mutates or escalate but never CHANGE.
5. Amisom brothel
6. Their hawiye regions r dysfunctional and on PAPER such as GM/HS, where is their political brilliance for their own ppl. Their always leeching of what PL has brought them like SFG.
7. Check points every 2 km and Isbaaro yet they want to tell ppl their 'rich' my ass ur rich, why doesn't other areas do this if ur so rich, their true biggest gaajo clan in Somalia.

If u see all those warning signs, would u risk ur ppl well being with them or seek their 'advice' ? They seem to be stuck between 2 nasty goal posts 'bahal or monster' and 'shaydhan' and their good leaders r bahal while their bad ones r shaydhan. It's sad but true, ur choosing between disaster n hell with them unlike PL or other clans where the goal-post is bad to worse only. Nimankan lagama dambayn after hobyo sultanate which mutatated into SYL and Siyad, all darod creations. Ironically their good leaders link back to these eras only. Even the SFG links back PL creation, anything sane does that, but they don't want to follow in PL wisdom and play silly mucurad to their OWN DETRIMENT. Wa dad careless ah oo iska raba muran 4 muran sake.

Even some puntites hate my brutal honesty, they prefer diplomacy/somalinimo word games in dadka lagu qanciyo like @Djokovic. I don't see anything positive post 91 from that place other then monster-satan goal post and I refuse to blind myself to it to appease ur woke somali ass(somali too soo anthem mentions kina taag darane, taagera weligine kkkk) who is that 'taag daran referring' to lol, I know who it is, i tried supporting em but all we got back was hatred so screw that woke shit.

I studied all the hawiye ppl boast/brag about and found a darod origin. They were either from hobyo sultanates, SYL, Siyad Barre, plus 100% were linked to mj abtis-wives. Halimo soofe was right when she said 'hawiyow insaan waxad ku ahaydeen darod ku dhex jirkisa, hadasee hayawan baa tihin' that shit is stretching now 30 years her hikma and u cant say it's wrong becuz nothing but bahal or shaydhan has emerged from them since 91 or disaster n hell.

So why r they being arrogant to accept darod, they benefit the most. Even the world agrees judging by halane shipping containers and trusteeship status of them. So it's not just darod its the fkn world. Darod haku taliyo ceeb ma aha if every good person u had came from their era is what I try to tell them, anything from 91 era has produced nothing good for hawiye and infact infected other clans to devolve. I tell em if I saw them losing/suffering under darod rule with no benefit, i would be the first to RIOT WITH THEM. I guarantee u if they drop this pointless mucuradnimo on darod by 'culture' not by 'arguments' and just surrender themselves to darod, i can guarantee u they will have another golden age to replace the bahal and shaydhan age.

 

[Bazed]

I want to gloat cos our PL users here kept saying it won’t happen without them but this is only one of the things we need done by end of year. Constitution completed, debt relief, arms embargo being weakened significantly, defeating Shabaab, joining EAC.

EAC membership and IMF debt relief are now just waiting for board meetings and a vote. So those are pretty much compete

Constitution has finished it’s process and just needs to be debated and put to a vote next parliamentary sitting.

Arms embargo restrictions being relaxed was decided behind closed doors last security council which I covered but again our users here said it would never happen so just that big one left

Constitution is finished? I thought they were still working on the final details and asking PL to return to the table in order to finish it.

 

[Hilmaam]