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Niger Defaults On Debt Payments Again As Post-coup Woes Pile - Foreign Affairs - Nairaland

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Niger Defaults On Debt Payments Again As Post-Coup Woes Pile / Russian Railways Defaults In Credit Payment As Effects Of Sanctions Hit. / BREAKING: West Africa bloc, ECOWAS lifts post-coup sanctions against Mali (2) (3) (4)

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Niger Defaults On Debt Payments Again As Post-coup Woes Pile by AllTheWayUp: 6:17pm On Feb 19
Niger defaults on debt payments again as post-coup woes pile
The West African state’s total debt default since last July’s coup is now $519m


for almost half of Niger’s annual budget. Niger’s neighbours also closed their borders to the country, and more than 70 percent of its electricity, supplied by Nigeria, was cut off. Financial transactions with West African countries were suspended. Niger’s assets in external banks were frozen, and hundreds of millions of dollars in aid were withheld.

In July, a planned 30 billion CFA franc ($51m) bond issuance by Niger was cancelled by the Central Bank of West African States (BCEAO).

The sanctions were the most stringent yet imposed by the regional bloc to stem the tide of coups in the Sahel. But they have had little or no effect on the ambition of the government, which has consolidated its hold on power while millions in Niger face growing hardship.

Last month, the country announced, along with neighbours Mali and Burkina Faso, that it was leaving ECOWAS with immediate effect. The three states formed the Association of Sahel States (ASS) in September and are reportedly considering discontinuing the use of the CFA, the currency of the UEMOA.

https://www.aljazeera.com/news/2024/2/19/niger-defaults-on-debt-payments-again-as-post-coup-woes-pile

Re: Niger Defaults On Debt Payments Again As Post-coup Woes Pile by Paraman: 6:21pm On Feb 19
When will Niger, Mali and Burkina Faso stop spending the CFA sef?

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Re: Niger Defaults On Debt Payments Again As Post-coup Woes Pile by lordm(m): 6:38pm On Feb 19
Bad leaders

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Re: Niger Defaults On Debt Payments Again As Post-coup Woes Pile by Melagros(m): 6:53pm On Feb 19
COMRADES
They will meet up it's just a matter of time
Re: Niger Defaults On Debt Payments Again As Post-coup Woes Pile by JAMO84: 7:02pm On Feb 19
Supporters of Mr 3rd were praying for Coup in Nigeria, just because their Okrika Martin Luther King was humiliated at the polls

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