5 Things to Know About Poverty in SomaliaDespite these external difficulties, Somalia has shown immense resilience in the face of hardship and continues to make progress in spite of challenging conditions. The HIPC InitiativeIn December 2023, Somalia completed the Heavily Indebted Poor Countries initiative (HIPC) following the implementation of several key reforms by the Somali government. Through this relief, Somalia has cleared almost all of the country’s external debt allowing new opportunities for economic growth, poverty reduction and job creation. Today, it remains the largest national humanitarian organization operating in Somalia, providing emergency relief to millions of people affected by poverty. With continued governmental and international investment and sustained humanitarian support, Somalia can continue to improve its economy and reduce poverty for its population leading to long-term prosperity and growth.