Mali To Settle Internal Debt To Stabilise Economy, Attract Investors
Joy ChukwuOctober 19, 20241 Mins read1.4k 
Mali is set to begin settling its internal debt next week, with plans to complete payments by December 31, 2024. The announcement was made on Friday, October 18, by the Minister of Economy and Finance, Alhousseini Sanou.
Sanou said that the government will allocate 200 billion FCFA for debt repayment in order to fulfil commitments to local creditors as well as stabilise the country’s financial sector to attract more investors.
According to the finance minister, this initiative is part of the country’s effort to revive its economy. He also emphasised that Mali operates solely on its own financial resources, and the payment is expected to boost private sector activity.
READ ALSO:
Mali Government Releases 600 Million FCFA to Rehabilitate Flood-Damaged Classrooms
Mali Seeks Over 300 Billion CFA from Barrick Gold, Tightens Mining Regulations
About The Author
Related Articles
First Lady Oluremi Tinubu Faces Backlash for Telling Hungry Nigerians to Sell Akara, Roasted Corn and Kuli-Kuli
First Lady Senator Oluremi Tinubu has come under heavy criticism after encouraging...
Oyo Kidnappers Drop Demands, Shift Focus to Ransom as Troops Tighten Siege, Exposing More of Tinubu’s Security Failure
The terrorists holding 39 abducted schoolchildren and seven teachers from Ahoro-Esinle, Yawota...
Mali Regains Control of SOTELMA in $277 Million Deal, Reversing 17-Year-Old Privatisation
Mali has regained majority ownership of its national telecommunications company SOTELMA, reversing...
Tinubu’s Government Delists Nigeria from International Maths Olympiad Over Funding Failure
Nigeria has been removed as a full participant from the International Mathematical...
Leave a comment