Mali To Settle Internal Debt To Stabilise Economy, Attract Investors
Joy ChukwuOctober 19, 20241 Mins read477 
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
Mali, Senegal Launch Joint Patrols To Combat Jihadist Threat
Malian and Senegalese defence forces have launched joint patrols along their shared...
Fake Gynecologist Promoted To CMD, Accused Of Fraudulent IVF Procedures, Faces Charges of Forgery, Impersonation in Abuja
A woman accused of illegally practising as a gynaecologist and performing medical...
Ghana Increases National Daily Minimum Wage, Public Sector Salaries By 10 Per Cent
The Government of Ghana has approved a 10 per cent increase in...
Niger Awards 2 Mining Permits To National Companies For Copper And Uranium Extraction
The Nigerien government has awarded two new mining permits to national copper...
Leave a comment