Colonel Assimi Goita speaks to the press at the Malian Ministry of Defence in Bamako, Mali, on August 19, 2020 after confirming his position as the president of the National Committee for the Salvation of the People (CNSP). – The military junta that took power in Mali on August 19, 2020, asked that the population resume “its activities” and cease “vandalism” the day after the coup that ousted President Ibrahim Boubacar Keita and his government. (Photo by MALIK KONATE / AFP)
March 1, 2022
Mali has failed to pay 46.32 billion CFA francs ($78.5 million) in principal and interest on a treasury bond, the West African debt agency Umoa-Titres said on Tuesday, pushing its debt defaults due to sanctions following two coups to $180 million.
West Africa’s main political bloc, the Economic Community of West African States (ECOWAS) and the UEMOA monetary union ordered the sanctions after Mali’s military rulers pushed back the timeline for elections.
The sanctions include border closures and restrictions on financial transactions. Malian authorities have called the measures inhumane, and filed a lawsuit against UEMOA to try to get them lifted. read more
Mali has more than a dozen treasury bills and bonds maturing this year, one of them on March 9.
REUTERS
