Colonel Assimi Goita, leader of two military coups and new interim president, walks during his inauguration ceremony in Bamako, Mali in this file picture. Goita's country has failed defaulted on its bond repayments.Mali has failed to meet a debt payment of 2.7 billion CFA francs on Treasury bonds, its finance ministry said on Wednesday, blaming sanctions imposed by West Africa's economic bloc and regional central bank.
“Because of these restrictions and despite having sufficient reserves in its Treasury, the central bank did not proceed to meet the bond repayment scheduled for Jan. 28,” the ministry said, adding that Mali would pay its debts as soon as the restrictions are lifted. ECOWAS has frozen Malian state assets in member countries' commercial banks and suspended non-essential financial transactions with the country.
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