So called Islamic Development Bank states Somalia owes 1.1 million in *INTEREST* payments.

[codewebsduh]

 

[SomaliRealist]

Whoa why did Somalia enter into such reckless loans ? And where exactly did those funds go? Were they stolen?

 

[codewebsduh]

Whoa why did Somalia enter into such reckless loans ? And where exactly did those funds go? Were they stolen?

This was from the Siad Barre era, the interest just built up.

 

[SomaliRealist]

This was from the Siad Barre era, the interest just built up.

So that’s where Somalis learned their bad habits of being aid dependent huh. Worrisome times ahead as Somalia grows closer with China which is famous for debt trapping poor disunited Africans in much worse ways

 

[codewebsduh]

So that’s where Somalis learned their bad habits of being aid dependent huh. Worrisome times ahead as Somalia grows closer with China which is famous for debt trapping poor disunited Africans in much worse ways

Siad Barres economy was laughable , we were nearly always in deficit and reliant on a few economies. Luckily we now have some educated economists.

 

[SomaliRealist]

Siad Barres economy was laughable , we were nearly always in deficit and reliant on a few economies. Luckily we now have some educated economists.

Agreed. There is an educated crop around these days the problem is the “old guard” comes from the laughable generation and they may stifle real economic developments in favor of their favorite pastime: aid , aid, and more aid.

 

[Aurelian]

Interest alone or the whole thing?

 

[Qeelbax]

Interest? Islamic Bank

 

[Gadhwayne]

Somalia Italiana federal government shouldnt have to repay what Afweyne stole

Refworld | Somalia: Civil War, Intervention and Withdrawal 1990 - 1995

Refworld is the leading source of information necessary for taking quality decisions on refugee status. Refworld contains a vast collection of reports relating to situations in countries of origin, policy documents and positions, and documents relating to international and national legal...

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Reer Muqdisho as the only taxpayers in FGS should veto paying back the creditors of Signor Cheese adeer. Repudiate any debt from 1978 to 1991 actually repudiate all debt from 1960 to 1991 but I understand many southerners revere the 1960s mafiosi government