Mali To Settle Internal Debt To Stabilise Economy, Attract Investors

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

Niger Bans Cereal Exports To Protect Local Supply And Keep Prices Affordable, Exempts Mali, Burkina Faso

About The Author

Joy Chukwu

author

See author's posts