The Malian Ministry of Economy and Finance announced on Friday August 12 in a statement to investors as well as technical and financial partners that Bamako has paid all of the country’s outstanding debt.
This is, according to the note, 85 billion CFA francs for the external debt, 66 billion for the market debt issued by syndication and 65 billion for part of the market debt issued by auction.
Added to this are “late interest (…) paid to investors on unpaid market debt for an amount of 6.65 billion FCFA, including 5.48 billion FCFA for debt by auction and 1.17 billion FCFA for debt by syndication”.
The government was able to honor its commitments thanks to the lifting of economic and financial sanctions imposed six months ago by the Economic Community of West African States (ECOWAS). Bamako has resumed its economic exchanges with other capitals of the West African sub-region.
One of the consequences of the lifting of sanctions is the fact that the Malian Treasury carried out, last week, a special issue of bonds and bonds up to « 215 billion CFA francs », according to the ministry.
These sanctions were taken in January by the sub-regional organization following the refusal of the military junta in power in Bamako to align with its demands. ECOWAS renounced it after the Malian government finally proposed a transition timetable that it deemed « acceptable ».
By OMA Newsletter N° 824 of 08/16/2022
Article published under the direction of Dr. Najib Kettani
The OMA, NGO with an Intercontinental vocation
For the development of cultural exchanges
Valuing human potential
The promotion and consolidation of Africa’s development, and
Inter-African integration
