Somalia: Beyond Paris Club Traditional Debt Relief “Cologne Terms”

[Deeq A.]

I. Synopsis In this paper, I lay out the debt relief and debt cancellation processes beyond the Paris Club traditional debt relief, and International Financial Institutions arrears clearance that Somalia will endure over the coming twenty-four months. I explain the sequencing and interlinkages between the relevant creditor stakeholders, including the Paris Club, Non-Paris Club and Multilateral creditors. The underlying objective is to support the Somali government’s development of a robust external debt management strategy.

Source: Hiiraan Online