WASHINGTON (Halbeeg News) – Somali Prime Minister, Hassan Ali Kheyre has met the new World Bank President, David Malpass and his deputy, Hafis Ghanim and Executive Director for Africa in Washington.
The two sides discussed Somalia’s economic reforms process as a prerequisite for the debt cancellation process.
“It is a great honor for as to be the first country to meet the new World Bank president for discussions,” Finance minister, Abdulrahman Beyle said.
“Our discussions focused on the developments and the way forward on the debt cancellation procedures for Somalia,” the minister added.
Dr. Beyle said the final decision on the debt relief process is expected at the end of the year and they are confident about the results.
“We have fulfilled all the requirements and we are expecting a positive response at the end of the year meeting,” the minister said.
The Somali PM and his delegation will take part in special event for Somalia to deliberate the economic development of the horn of the African state during the Spring Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern.
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