SOMALIA'S OVERALL DEBT CALCULATOR

Debt Amount Interest Rate (%) Years
$557,000,000
Payment per year: $0

Somalia’s debt will be reduced from $5.2bn to $557m over three years. The Decision Point means that Somalia’s debt will be reduced from US$ 5.2 billion at end-2018 to US$3.7 billion in net present value (NPV)terms.[1] If Somalia sustains its commitment to reform, it is expected to reach the HIPC Completion Point in three years when its debt will be significantly further reduced to US$557 million in net present value terms (NPV).

KEY QUESTIONS ON SOMALIA

COVID-19 Cases

SOMALIA ELECTIONS 2020

35 days

Somalia Votes....One Person One Vote In 2020

Somalia Currency Status

1 USD = 24000 SOSH*

*For latest data please visit: www.centralbank.gov.so

DEBT BURDEN PER CITIZEN

$*

DEBT BURDEN SOMALIA

$*

*Where is Somalia, or Somaliaaway? is here to provide brief infographics on issues that are important to all Somalis. The data used is gathered from the WB, IMF and UN agencies. Available data for 2017 is used as baseline. We’re using 2.9% annual growth rate in Population and 4.0% in debt on Somalia. However, we acknowledge this may not up to date or even entirely correct, therefore, your contribution is welcome provided you give references, etc.

IMF - Somalia is among the largest beneficiaries of IMF technical assistance-which helps build
institutional capacity-receiving over 70 technical assistance and training missions since 2014
Total Debt: $5 billion at the end of 2015 (85.1 percent of GDP)- Reference

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