NIAMEY, 23 Feb. - (ANA) - The total debt that Niger has defaulted on after failing to make a $22 million repayment earlier this month. The West African nation previously missed payments in August, November, and January.

 

Regional economic bloc Ecowas imposed sanctions that froze Niger’s assets at the Central Bank of West African States (BCEAO), while the lender closed its branches in the country, following a military coup in July.

 

That same month, a planned $51 million bond issuance by Niger was canceled by the BCEAO. Ecowas is set to hold a summit on Saturday in Abuja, Nigeria, where some sanctions may be lifted.   - (ANA) -

 

AB/ANA/22 February 2024 — - -