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Economic sanctions imposed on Mali: economic activities under the weight of domestic debt

21/10/2022
Categories: Economy/Forex

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Mali has returned to the international financial scene with the lifting of economic sanctions imposed by ECOWAS and UEMOA. Economic activities relying on the burden of domestic debt, which has not been paid since 2021.

Last July, ECOWAS and UEMOA sanctions were lifted on Mali, which had suffered this coup since last August. Since then, several commendable financial efforts have been made in favor of external suppliers. Unfortunately, no winks were made at the national players in the Malian economy. While a reduced portion of the 2021 domestic debt has been paid, no kopecks have been donated since 2022, which is two months away from the end of its term.

The Minister of Economy and Finance, Alousseini Sanou, had measured the impact of these sanctions and declared “there was a shortage of tax and customs revenues to earn several hundred billion CFA francs in the first quarter of 2022. Domestic debt amounted to 300 billion CFA francs in the first quarter of the same year and the maturities of outstanding debts are estimated at 200 billion CFA francs.”

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