Why Did Turkey Pay Somalia`s IMF Debt?


In November 2020, Turkey has decided to give a grant of 2 million 372 thousand SDR (Special Drawing Right) corresponding to 3 million 487 thousand dollars for the initiative of the Heavily Indebted Poor Countries initiative under the IMF to alleviate the Somalia’s debt burden. The move was immensely welcomed by the Federal Government of Somalia but the Turkish opposition parties were hugely appalled and shocked by the move.

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