Supporters hold a poster of Mali's transition president, Colonel Assimi Goita, as they participate in a demonstration called by Mali transitional government after ECOWAS sanctions in Bamako, Mali, January 14, 2022.
Mali failed to repay 15.6 billion CFA francs in relation to a treasury bond that matured on January 31, the debt agency of West Africa’s monetary union zone said in a note to investors.It is notable that this payment incident occurs in a context where the state of Mali is subject to sanctionsMali’s finance ministry earlier said that the country had failed to meet a debt payment of 2.
ECOWAS has frozen Malian state assets in its member states’ commercial banks and suspended non-essential financial transactions with Mali. The delay infuriated allies including France, which has led an international military mission to fight the insurgency in Mali. Stung by criticism from Paris that the junta was “out of control”, it expelled the French ambassador on Monday.