Somalia secured a USD 8.5 mln debt write-off from Denmark on November 18, part of a broader debt relief effort under the IMF’s HIPC initiative. In early November, Japan and the US agreed to forgive over USD 1 bln of Somalia’s debt. The IMF projects that Somalia’s external public debt will decrease from USD 5.3 bln in 2018 to USD 0.6 bln by the end of 2023.