The so-called Paris Club has agreed to write off sums owed by Somalia The Paris Club group of creditors, which includes Russia, the US, and a number of other leading global economies, has agreed to cancel $2 billion in debt owed by Somalia, it was announced on Wednesday. The group will write off 99% of the money owed by the African country after it concluded a debt forgiveness program supervised by the International Monetary Fund and World Bank. The Paris Club of creditors is also comprised of Belgium, Denmark, France, Germany, Italy, the Netherlands, Japan, the UK, Norway and Spain. “Achieving full debt reli
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