Advertisement
Desktop970x250
3News
Advertisement
Desktop970x250

Mali junta defaults on debt payment as sanctions bite

By Emmanuel Kwame Amoh
SHARE
1 min read
Mali junta defaults on debt payment as sanctions bite

Junta leader Assimi Goita says funds planned for the festivities will go to terror victims

Mali has been unable to pay almost $80m (£60m) it owes on an international debt after sanctions imposed in January froze its foreign bank accounts.

The country’s total debt defaults since January have now reached $180m.

The West African regional bloc, Ecowas, ordered the sanctions after Mali’s military rulers went back on plans to hold elections and said they would stay in power for five years.

The Malian authorities have said the restrictions – and the cutting of foreign aid – were inhumane and will push people into deeper poverty.

Source: BBC

TAGGED:Mali

Sign up to The Daily Briefing

Stay informed with the most relevant stories shaping Ghana and the world, every morning and evening.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy.

Share This Article

Emmanuel Kwame Amoh is an Online Editor with the current affairs team at Media General, operators of TV3 Ghana, editors.3news.com and more. Email: emmanuel.amoh@editors.3news.com

Advertisement
Desktop300x250

Up Next

Advertisement
Desktop970x250