437 billion FCFA transferred to investors (667 million euros)
Good news for investors holding debt securities of Mali on the financial market of the West African Economic and Monetary Union (WAEMU). The Ministry of Economy and Finance of Mali informed investors and technical and financial partners by a note dated August 12, 2022 that “all unpaid external debt, market debt by syndication and by auction , of the State of Mali has been settled”. These settlements restore confidence between Bamako and its creditors. It is 6 months of arrears that have just been paid off.
In detail, the Public Treasury proceeded with the clearance of unpaid foreign debt for approximately 85.1 billion FCFA, market debt issued by syndication for an amount of 66 billion FCFA, part of the debt of market issued by auction for an amount of 65 billion FCFA. In addition, the special issue of Treasury bills and bonds, organized on August 9, 2022, also made it possible to settle the remainder of the unpaid market debt issued by auction, i.e. 215 billion FCFA. In addition, late payment interest was paid to investors on unpaid market debt for an amount of 6.65 billion FCFA, including 5.48 billion FCFA for debt by auction and 1.17 billion FCFA for debt by auction. syndication. In all, Bamako will have settled 437 billion FCFA or 667 million euros. The Minister of Economy and Finance, Alousséni SANOU, says he regrets the damages suffered by investors and technical and financial partners due to unpaid bills and addresses his sincere thanks for their good understanding and renewed trust.
As a reminder, the economic and financial sanctions against Mali were lifted on July 03, 2022 in Accra, Republic of Ghana, on the sidelines of the 61st Ordinary Session of the Conference of Heads of State and Government of the Economic Community. West African States (ECOWAS).
