Loading...
See More

Mali's development funds suspended

Mar 23 2012 11:11

Related Articles

AfDB mulls lifeline for African firms

Miners say Mali operations 'normal'

Randgold tumbles on Mali unrest

 
Washington - The World Bank and African Development Bank condemned the military coup in Mali and suspended project financing to the West African country, the institutions said in a joint statement on Thursday.

"Our development operations are suspended, with the exception of emergency assistance," the institutions said, calling for a speedy resolution of the crisis.

The overnight mutiny by low-ranking soldiers toppled President Amadou Toumani Toure's government. The soldiers were angered by the government's failure to end a two-month separatist rebellion in the north of the West African country.

The statement by the World Bank and African Development Bank followed a move by the regional decision-making body Ecowas, which said it would not recognise the junta.

african development bank  |  world bank  |  mali

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The driverless luxury car of the future!

Watch this video of the Mercedes Benz F 015 concept car, the company’s vision of a driverless future.

 
 

Luxury living

WATCH: Private luxury island for sale!
10 of the most ridiculous celebrity purchases, that cost millions!
Karl Lagerfeld spotted with custom gold Apple Watch
The most luxurious dog house!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...