Nairobi, May 27 -- Somalia is all but assured of $9.4 million from the International Monetary Fund (IMF) after the latest review by the latter's executive board.

When released, the funds will push the total of disbursement to Somalia to $386.1 million over seven years.

Over the past five years, Somalia has gone through IMF Staff Monitoring Performance reviews with the latest falling under the Extended Credit Facility and the Extended Fund Facility.

At the end of the review, the board approved a fourth HIPC interim assistance of SDR 2.211 million to cover 100 percent of Somalia's eligible debt service to the IMF that falls due between June 17, 2023 and June 16, 2024.

In March, an IMF team led by Laura Jaramillo, held discussions with S...