Saving Somalia Through Debt Relief
Somalia needs humanitarian aid to stem its short-term suffering, but that cash will not break the country's deadly cycles of drought, hunger, and poverty. To do that, the IMF must forgive Somalia's crushing debt, just as it has for nearly every other heavily indebted poor country.
LONDON – Julius Nyerere, the first president of Tanzania, once asked his country’s creditors a blunt question: “Must we starve our children to pay our debts?” That was in 1986, before the public campaigns and initiatives that removed much of Africa’s crushing and unpayable debt burden. But Nyerere’s question still hangs like a dark cloud over Somalia.
Over the last year, an unprecedented humanitarian effort has pulled Somalia back from the brink of famine. As the worst drought in living memory destroyed harvests and decimated livestock, almost $1 billion was mobilized in emergency aid for nutrition, health, and clean water provision. That aid saved many lives and prevented a slow-motion replay of the 2011 drought, when delayed international action resulted in nearly 260,000 deaths.
Yet, even after these recent efforts, Somalia’s fate hangs in the balance. Early warning systems are pointing to a prospective famine in 2018. Poor and erratic rains have left 2.5 million people facing an ongoing food crisis; some 400,000 children live with acute malnutrition; food prices are rising; and dry wells have left communities dependent on expensive trucked water.