In January, ECOWAS responded to the junta's postponing of elections promised since 2020, when the military took power, by imposing a trade embargo and closing borders with Mali, in a move backed by France, the United States and the European Union.
ABIDJAN, IVORY COAST - Mali's ruling military junta, which is being squeezed by economic sanctions, has defaulted on several payments on the regional financial market, according to West African finance officials.
Umoa-Titres is the management agency for public securities in the region, which includes the eight West African countries using the CFA franc as their currency. Mali "has always honoured its commitments on the financial market wants to reassure investors of its willingness and ability to meet its commitments," the finance ministry said in a statement.