Paris Club Stories

Debt woes and funding needs in focus as China hosts African leaders
Reuters  |  Sep 04, 2024

Africa and its ample mineral and oil resources and population of more than 1 billion people have become the focus of intense geopolitical competition...

UK cancels 100 per cent of Somalia's debt, boosting economic recovery
Amina Wako  |  Apr 09, 2024

The Paris Club expressed its satisfaction with Somalia's determination to implement a comprehensive poverty reduction strategy and an ambitious econom...

Relief for Somalia as Paris Club creditor nations cancel 99 per cent of debt
Amina Wako  |  Mar 13, 2024

This move positions Somalia on a path towards financial stability and economic revitalization.

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