On Friday, Hassan Sheikh Mohamud, the president of Somalia, met with Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), in Washington.
President Mohamud outlined the government’s strategy for focusing on financial system reform, debt reduction, economic growth, and economic resources in order to provide job opportunities for Somali youth and lift the nation out of poverty and difficult economic conditions.
Kristalina Georgieva indicated her readiness to work with the Somali government on top priorities like the development of the country’s economic reform procedure, debt relief, and their part in combating the drought.
Famine is anticipated in some areas of Somalia between October and December of this year, according to the UN.
The regional ministers for humanitarian affairs accused the national government last week of failing to release $9.6 million in aid from the United Arab Emirates to start humanitarian operations in the nation.
Mohamud, the first president of Somalia to win a second term (he held office from 2012 to 2017), has pledged to make the troubled Horn of Africa nation “a peaceful country that is at peace with the world.”