ECOWAS Suspends Mali’s Economic Sanctions
Mar 25, 2022 ·
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Description
The court of the West African Economic and Monetary Union has ordered the suspension of its sanctions against Mali, pending a detailed court ruling. The organisation earlier instructed the suspension...
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The court of the West African Economic and Monetary Union has ordered the suspension of its sanctions against Mali, pending a detailed court ruling.
The organisation earlier instructed the suspension of all financial institutions under its wing in Mali, after its ruling military junta decided to delay elections meant to restore civilian rule after coups in 2020 and 2021.
The interim government says the sanctions had severe consequences for the population, with Bamako blaming them for debt defaults worth $180m since January.
The court's ruling does not apply to sanctions imposed by the Economic Community of West African States.
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The organisation earlier instructed the suspension of all financial institutions under its wing in Mali, after its ruling military junta decided to delay elections meant to restore civilian rule after coups in 2020 and 2021.
The interim government says the sanctions had severe consequences for the population, with Bamako blaming them for debt defaults worth $180m since January.
The court's ruling does not apply to sanctions imposed by the Economic Community of West African States.
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