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Somalia is eligible for debt relief under the internationally agreed Heavily Indebted Poor Country (HIPC) initiative. Multilateral discussions on the timing and process for providing debt relief under HIPC take place at the Paris Club.
As the Paris Club operates on the basis of consensus and confidentiality, the Government does not provide information on discussions held.
Under the UK's presidency of the G8 this year, leaders of the G8 countries expressed support for the Somali Government's efforts to re-engage with the international financial institutions. These efforts represent an important step towards potential future debt relief.