Somali Prime Minister Hassan Ali Kheyre has met Norwegian Finance Minister barely a week after her country pledged financial support for Somalia.
At the sidelines of World Bank and IMF meetings, PM Kheyre and Norway’s Finance Minister Siv Jensen discussed the bilateral relations and Norway’s support to Somalia.
In a statement, PM Kheyre appreciated the minister for both her and her country’s commitment to supporting the Horn of Africa nation.
“Glad to get an opportunity to meet with Norway’s Finance Minister Siv Jensen and express Somalia’s appreciation for Norway’s contribution towards a bridging loan of $359m to clear our debt with the World Bank, the first step towards arrears clearance and Decision Point In February 2020,” PM Kheyre said.
The development comes as Norway pledged that it will provide a $359m bridging loan to Somalia next year to clear the debt owed to the World Bank’s International Development Association.
The Norwegian government said in a statement it was proposing a short term loan of NOK 3.135bn next year which will clear the arrears due to the World Bank.
