News / Africa

IMF Recognizes Somali Government

Somali President Hassan Sheikh Mohamud speaks during a military parade marking the 53rd anniversary of the Somali National Army in Mogadishu, Somalia, April 12, 2013.Somali President Hassan Sheikh Mohamud speaks during a military parade marking the 53rd anniversary of the Somali National Army in Mogadishu, Somalia, April 12, 2013.
x
Somali President Hassan Sheikh Mohamud speaks during a military parade marking the 53rd anniversary of the Somali National Army in Mogadishu, Somalia, April 12, 2013.
Somali President Hassan Sheikh Mohamud speaks during a military parade marking the 53rd anniversary of the Somali National Army in Mogadishu, Somalia, April 12, 2013.
TEXT SIZE - +
VOA News
The International Monetary Fund has officially recognized the Somali government after a break in relations of 22 years. The move opens the way for donor nations and other development banks to resume relations with Somalia.

In a statement Friday, the IMF said "the decision is consistent with broad international support and recognition" of Somalia's government.

The agency said, however, said that Somalia will not be eligible for any new financing until it repays previous loans it owes to the IMF of more than $350 million.

Many nations have been re-engaging with the Somali government since the election of President Hassan Sheikh Mohamud last year.

The United States officially recognized the new Somali government in January, saying it has made significant progress in stabilizing the country and defeating al-Shabab Islamic militants.

African Union and Somali forces have pushed the militants out of a number of major towns. But al-Shabab still controls a large part of the country as it tries into turn Somalia into a strictly Islamic state.

Somalia has not had a strong central government since 1991. Various warlords and groups spent the next two decades trying to seize power.

A new parliament sworn in last year elected Mr. Mohamud president, ending eight years of ineffective and unstable transitional government.

You May Like

Abuja Blast Impacts Lives, Livelihoods

Officials say they are looking at ways to help bombing victims and boosting security More

Cambodia Technology Adviser Criticizes Cybercrime Draft Law

Phu Leewood says current criminal code can be used to prosecute offenders and that there is no need for a separate law More

Photogallery A Year Later, Boston Remembers Deadly Marathon Bombings

City pauses to honor victims and salute emergency workers who came to their assistance in frantic moments after blasts More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid