Somalia receives major debt relief from US
The United States has canceled over $1 billion in debt owed by Somalia, a significant move to aid the country’s economic recovery.
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debt relief
Zambia gets IMF cash injection, securing support against drought
The IMF approved a $569.6 million disbursement for Zambia and increased its aid package to $1.7 billion to help the country combat a severe drought.
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EU, Egypt finalize €1 B agreement to bolster Egyptian economy
Facing economic strain, Egypt secures a €1 billion lifeline from the European Union through a macro-financial assistance agreement.
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Ghana’s $5.4B debt relief deal nears completion
Ghana is nearing a deal with official creditors on restructuring $5.4 billion of debt, aiming to finalize the terms by Friday and unlock a vital $600 million IMF loan tranche to tackle its economic crisis.
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