The opposition should learn from undermining their government. They should rise from shameful practices that brought about the difficult situations like clan based rebel groups, piracy and islamist fundamentalists.
Somalia was never great . We need to implement a democratic state with loose laws on business and high anti corruption laws.
The Government has proposed that Norway should provide a short-term bridging loan of NOK 3.135 billion to Somalia in 2020 to clear Somalia’s debt arrears to the World Bank’s International Development Association. Technically, this is a loan to Somalia, but the funds will be transferred to a World Bank account. The World Bank will then grant Somalia a new loan, which will be used immediately to repay the bridging loan from Norway.
‘Following several decades of civil war, the situation in Somalia has stabilised in the last few years. The authorities have implemented a number of important political and economic reforms, but the country is still in a vulnerable situation. This loan from Norway will be an important contribution to the work to promote reform and stabilisation in Somalia,’ said Minister of Foreign Affairs Ine Eriksen Søreide.
Somalia’s external debt amounts to approximately USD 4.7 billion, and debt cancellation is a key priority for the Somali Government. A third of the debt is owed to the multilateral development banks, the World Bank and the African Development Bank, and the International Monetary Fund (IMF). These debt arrears need to be cleared before Somalia can receive new loans and debt relief. In addition to the bridging loan from Norway, the UK will provide a bridging loan to cover Somalia’s debt to the African Development Bank. This means that Somalia just needs one more donor country to cover its debt to the IMF. When these three loans are in place, Somalia will qualify for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative, provided that it implements the ongoing programme of economic reforms agreed with the IMF.
‘Somalia’s debt arrears to Norway amount to NOK 16 million. If Somalia receives debt treatment in the Paris Club under the HIPC initiative, this debt will be cancelled,’ said Minister of International Development Dag-Inge Ulstein.
Mr Ulstein will participate in a roundtable meeting on Somalia during the World Bank’s Annual Meetings in Washington next week.
‘Debt relief is essential if Somalia is to continue its stabilisation and reform efforts. This bridging loan operation shows what we can achieve when donors and multilateral financial institutions work together. This will be a topic of discussion at a number of the meetings I’ll be having during the World Bank’s Annual Meetings next week. The aim is to carry out this bridging loan operation during the first quarter of 2020,’ Mr Ulstein said.
Somalia is an important partner country for Norway, and it received NOK 543 million in bilateral aid from Norway last year. Together with the EU, the UK and Germany, Norway has invested substantial resources in promoting institution-building, good governance and stabilisation in the country. Norway has contributed to efforts to promote peace and stabilisation in Somalia since the early 2000s.
Somalia was never great . We need to implement a democratic state with loose laws on business and high anti corruption laws.
Exactly, in all honesty since 1960..... Somalia was never great ........
first government was okay system wise with democracy but bad economically, after siad are government went to shit(literal dictatorship) and went to an extractive non inclusive direction, economy was also bad stillExactly, in all honesty since 1960..... Somalia was never great ........
first government was okay system wise with democracy but bad economically, after siad are government went to shit(literal dictatorship) and went to an extractive non inclusive direction, economy was also bad still
SL isn't like Djibouti due to the differing clans, would have been a major Northern conflictI still believe that had somaliland got its independence on the 26th of June and choose the route of independence like djbouti things may have been difficult. But, has the former Italian colony became a country of it's own then there may have a successful country. 3 somali nations.
But, I do agree that economy in the 60 and throughout the early 90s was shit in the former northwest and equality and political representation wasn't given when taking into account somalis are very clan driven .
SL isn't like Djibouti due to the differing clans, would have been a major Northern conflict
basically dir so it could work out as it does, harti and issaq can't share SL there would need to be a partition same with MJ and HG in mudug and OG and MX in JL, conflict arising would be expected unlike in DjiboutiIn djbouti issas are a majority followed by gadarbisi and issaqs
the only positives I can see pre 91 were having institutions, governmental wise I don't see us as worse and economically both aren't doing wellSomalia was a great place before 91’ and had a bustling informal economy. As a relatively new nation the formal economy was only progressing in capacity. However once clan based rebels fought against their government the country devolved into all our chaos which is why other nations are able to dictate to Somalia.
Foreign forces were brought into Somalia in 2006/2007 as Ethiopia invaded our country. They would never be able to do that if the rebels were in the pockets of Mengistu Haile Mariem who was also overthrown in 91’ the only difference is his rebel groups had a plan in place for ensuring continuous governance. At this point this current government has done a lot to bring xasilooni sitassadeed (political stability) by bringing HS/SWS/GM to the table and consolidating an approach for the nation and more advancement will be brought on that front in the coming months/years.
Personally my family had great life in Somalia before 91’ and now a great life in the west as we’ve adjusted well. There was stability and security which are necessary for a nations population to grow in literacy/education and ensure investments flow into the country. There were no Islamist attacks, piracy, AMISOM, instability and all of the other debilitating factors that have added to the mess you see today.
The country before the war had many companies survey oil/gas prospects and had contracts set up to begin exploration with the revenues from that and the increases in technology. Education would’ve been accessible throughout the country and we might’ve been a top nation in Africa today. Along with our friendship with the Americans our military capabilities would’ve also only increased. So when you say Somalia wasn’t great that is only from your perspective not mine or many others.
Just like when Trump says Make America Great Again he is implying America used to be great, however for an African American that could mean slavery or discrimination so for them it wasn’t a great period. Perspective is important.