IMF Recognizes Somali Government

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 …