Debt Cancellation for Somalia: The road to Peace, Poverty Alleviation and Development
As a result of protracted conflict and devastating recurring droughts, Somalia is one of Sub-Saharan Africa’s most troubled and underdeveloped countries.
Following the collapse of the central government in 1991, the country has been plagued with violent conflict and insurgency, extreme and widespread poverty, acute food shortages, weak governance and political instability, economic underdevelopment, human rights abuses and recurring natural disasters such as droughts and floods. Somalis to date lack essential security services, healthcare, education, clean and safe drinking water and have very limited employment opportunities. The Federal Government of Somalia (FGS) has meagre resources to meet the country’s pressing needs.