🇲🇱 The World Bank blocks $60 million for Mali while the country is in financial difficulty, minister says

The international institution puts forward unfavorable conditions to disburse this amount, explained Finance Minister Alousséni Sanou.

🔸Bamako signed a contract with Niamey to buy oil at advantageous prices and thus support its energy sector.  However, the World Bank requires Mali to purchase electricity from countries in the Senegal River Development Organization, of which Niger is not a member.

🔸In addition, the banking establishment requires a reduction in payroll to mobilize the sum – a measure that could lead to layoffs and having a negative impact on the economic situation.

📌The $60 million loan was negotiated last April. It was intended to “improve energy supply” and finance the establishment of photovoltaic infrastructure to diversify the country’s energy sector.