Global Upfront Newspapers
Africa Cover News Politics

Mali Begs for Lifting of Economic Sanctions- Sanctions imposed over junta’s failure to accelerate national elections

Mali’s government has asked the West African Economic and Monetary Union (UEMOA) to lift sanctions that will have severe consequences for the population, it said on Monday.

West Africa’s 15-nation ECOWAS bloc and the UEMOA regional monetary union both imposed sanctions on Mali on Jan. 9 after the military junta that first seized power in a 2020 coup decided to delay a national election.

The UEMOA, which has eight member countries including Mali, instructed all financial institutions under its umbrella to suspend Mali with immediate effect.

Mali blamed the sanctions for $31 million in bond defaults last week. read more

The government said in a statement released Monday that it had never been formally notified of the sanctions by UEMOA, which it said were a violation of procedure, calling the measures “disproportionate, inhumane, illegitimate and illegal”.

“The Malian government urges UEMOA to comply with community rules and therefore to lift, in a spirit of justice, equity and solidarity, these inappropriate sanctions which will have severe, inevitable socio-economic consequences for the populations of Mali and of the West African sub-region,” the statement said.

UEMOA could not immediately be reached for comment.

Mali’s 2020 coup was followed by a second one in May last year, as well as coups in Guinea and Burkina Faso. ECOWAS also imposed financial sanctions on Guinea’s coup leaders, but stopped short in Burkina Faso where it said the military junta was willing to work towards a return to constitutional order. read more

Mali was hit with the harshest measures after its military leadership went back on an agreement to organise elections this month and instead proposed holding power until 2025.

The European Union has imposed sanctions on Mali’s transitional prime minister and members of interim president Assimi Goita’s inner circle.

Advertize With Us

See Also

Tompolo Surveillance Company Uncovers Another Illegal Oil Theft Pipeline Near Military Post In Delta State

Global Upfront

EndSARS: Human Rights activist wants CNN sanctioned for investigating, reporting Lekki Tollgate shooting

Global Upfront

Bestride Keyamo’s Jungle And Kanu’s Zoo

Global Upfront

National Hospital Abuja Reacts To Claims Of Gospel Artist Osinachi’s Corpse Singing Her Hit Song ‘Ekwueme” Inside Mortuary, Says Its Medically Impossible

Global Upfront

IMF downgrades outlook for global economy in face of COVID-19

Global Upfront

Israel to partner Igbo Think Tank on industrialisation of South East

Global Upfront

Fasting may have become a health fad, but religious communities have been doing it for millennia

Global Upfront

Traditional ruler of Etekwuru community, Imo State taking refuge at Police Station as alleged IPOB members raze his palace

Global Upfront

2020 annual meetings of the African Development Bank begins in Abidjan, Côte d’Ivoire

Global Upfront

Sagay attacks Supreme Court Rulings On Orji Kalu, says Court’s verdicts inconsistent with the Constitution

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More