http://documents.worldbank.org/curated/ ... y-Document
- It's a lie that governments before Farmaajo deserve credit.
- World Bank and IMF ONLY initiated Debt Relief in 2019 after Somalia passed 3 CONSECUTIVE SMPs (Staff Monitored Programs)
- That means 2016 (Farmaajo gov started in Jan of 2016) was the first year counting for the initiation as the World Bank paper says in Page 8 specifically identifying this new government made this possible
- Here is the 2015 year report, the end of previous government......very embarrassing, high corruptopn, turn overs, no skills, no capacity, nothing....who even thought w we would be here today
https://www.imf.org/en/Publications/CR/ ... -the-43136
- Here is the 2015 year report, the end of previous government......very embarrassing, high corruptopn, turn overs, no skills, no capacity, nothing....who even thought w we would be here today
- That means 2016 (Farmaajo gov started in Jan of 2016) was the first year counting for the initiation as the World Bank paper says in Page 8 specifically identifying this new government made this possible
- World Bank and IMF ONLY initiated Debt Relief in 2019 after Somalia passed 3 CONSECUTIVE SMPs (Staff Monitored Programs)
- "Debt Relief" is a program for sustainable economic financing
- The "MONEY" we actually owe are ARREARS (i.e. what is actually due aka OUR DAYN/LOANS)
- Those arrears (aka the actual "DEBT") have to be settled BEFORE the economic program of Debt Relief could even begin
- THEY WERE SETTLED ON MARCH 5 WHEN WE RECEIVED ENOUGH PLEDGES FROM THE WORLD TO COVER THE MONEY WE OWE AKA "ARREARS"
- Decision Point: Ok we have the money for your loans....but first you have to go into financial PROBATION so you learn accountability but yes now you are eligible for FINANCIAL SUPPORT AGAIN through managed financing under our control
- Completion Point: Ok you have been so good in PROBATION, that now we are going to apply the money we got at Decision Point to end this case so you can be free to manage your own finances once again
- THEY WERE SETTLED ON MARCH 5 WHEN WE RECEIVED ENOUGH PLEDGES FROM THE WORLD TO COVER THE MONEY WE OWE AKA "ARREARS"
- Those arrears (aka the actual "DEBT") have to be settled BEFORE the economic program of Debt Relief could even begin
- The "MONEY" we actually owe are ARREARS (i.e. what is actually due aka OUR DAYN/LOANS)
That is literally a very simple way to get anyone to understand something so technical.

