AA / Bamako / Amarana Maiga
The transitional government in Mali informed, on Friday, the country’s investors have paid all of Mali’s outstanding debt, the Malian Minister of Economy and Finance said in a statement.
Indeed, on March 30, Minister Alousséni Sanou announced that Mali “cannot honor its financial commitments” because of sanctions from the West African Economic and Monetary Union (UEMOA).
“As of March 31, 2022, the cumulative installments to be paid to external creditors and investors in public securities not honored by Mali will amount to 205 billion FCA Francs,” said Alousséni Sanou.
In a press release published on Friday, the Minister of Economy stressed that “during the 61st ordinary session of the Conference of Heads of State and Government of the Economic Community of West African States (ECOWAS ), held on July 3, 2022 in Accra, Ghana, the economic and financial sanctions once morest Mali were lifted”, explaining that “during the six months of sanctions, Mali was unable to pay the services of its debt “.
Alousséni Sanou noted that “Mali has the honor to inform investors and technical and financial partners that all of Mali’s outstanding debt has been settled”.
“Indeed, as soon as the sanctions were lifted, the Public Treasury cleared the unpaid debts on the external debt for approximately 85.5 billion FCFA (132 million dollars), the market debt issued by syndication for an amount of 66 billion FCFA (102 million dollars), part of the market debt issued by auction for an amount of 65 billion (101 million dollars)”, he explained.
And to add: “the special issue of Treasury bills and bonds, organized on August 9, 2022, also made it possible to settle the remainder of the unpaid market debt issued by auction, i.e. 215 billion FCFA (334 million dollar)”.
In addition, the Minister reassures and affirms that late interest has been paid to investors on unpaid market debt for an amount of 6.65 billion, including 5.48 billion FCFA for the debt by auction and 1.17 billion for debt by syndication.
As a reminder, UEMOA announced on January 9, during an extraordinary summit in Accra, Ghana, the suspension of all commercial transactions with Mali, with the exception of essential consumer products: pharmaceuticals, supplies and equipment. medical equipment, as well as equipment for the control of Covid-19 and petroleum and electricity products.
On July 3, the Heads of State and Government of the Economic Community of West African States (ECOWAS) meeting in ordinary session decided to lift all the economic and financial sanctions imposed on Mali since last January 9
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