Somalia has been in a state of civil war for decades and that’s left it financially weak and in debt. This week, the US moved to cancel $1.1 billion in Somalia’s outstanding debt, representing just over a quarter of the country’s overall foreign debt. Host Carolyn Beeler speaks with Harry Verhoeven, an expert on the political economy of the Horn of Africa, about what this debt forgiveness will mean for Somalia.
The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. Now more than ever, we need your help to support our global reporting work and power the future of The World. Can we count on you?