Mali debts exceed $93m

Dakar — Mali has defaulted on more than US$93 million in interest and principal payments since January due to regional sanctions, data from the West Africa monetary union’s debt agency Umoa-Titres showed on Wednesday. The defaults highlight Mali’s worsening economic situation due to severe sanctions, which include border closure and financial restrictions, imposed on the country by the regional bloc over the delay of election by the country’s military junta. The data showed Mali missed payments on interest on treasury bonds on four occasions since the end of January. —