During the Siad Barre administration, Somalia and Denmark strengthened cooperation. The Danish International Development Agency agreed to provide a $1.4 million loan toward the development of Somalia's northern fisheries industry. Additionally, the Somali and Danish foreign ministries signed a loan agreement in 1981, wherein 45 million DKK (US$8,284,410.00) was issued to Somalia to finance imports of Danish capital goods, as well as local cost expenditures and purchases of Danish capital equipment and services.
During the Siad Barre administration, Somalia and Denmark strengthened cooperation The Danish International Development Agency agreed to provide a $1.4 million loan toward the development of Somalia's northern fisheries industry. Additionally, the Somali and Da.nish foreign ministries signed a loan agreement in 1981, wherein 45 million DKK (US$8,284,410.00) was issued to Somalia to finance imports of Danish capital goods, as well as local cost expenditures and purchases of Danish capital equipment and services.