Somalia Showcases Debt Management Success at UN Conference in Geneva

GOOBJOOG NEWS | GENEVA: Somalia is actively participating in the 14th United Nations Conference on International Debt Management for Trade and Development (CIDDM) in Geneva, Switzerland, highlighting its progress in debt management and economic recovery.

The conference, taking place from March 17 to 19, gathers global financial experts and policymakers to discuss sustainable debt solutions, economic resilience, and strategies for managing sovereign debt.

Leading Somalia’s delegation is the Federal Government’s Auditor General, Ahmed Isse Guutaale, whose presence underscores the country’s commitment to financial transparency and sustainable economic policies.

Somalia’s participation is particularly significant following its recent achievement of full debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative, marking a major milestone in its economic transformation.

The conference provides Somalia with a platform to share its experiences, exchange insights with global financial leaders, and explore innovative financial mechanisms to support long-term development.

It also offers a vital opportunity to engage in discussions on global financing challenges, ensuring that post-debt relief countries can access the necessary resources for economic growth and stability.