Last week, Niger again missed a new repayment on the public securities market by auction, organized by UMOA-Titres bringing the total number of defaults to five between July and September 2023. The country is still facing sanctions from UEMOA

The financial isolation facing Niger is jeopardizing its ambitions to raise at least 830 billion FCFA this year. According to the latest information provided by UMOA-Titres, this brings to five the number of financial obligations that the Niger Public Treasury failed to honor between July and September 2023.First, there was the default on July 31, 2023, only a few days after the putsch that brought General Tiani to power. The second incident occurred, relating to 12-month BAT (Equitable Treasury Bills), issued on August 12, 2022, which was due to expire, for an amount of 12 billion

Thirdly, Niamey was unable to pay its interest on September 4 for 10-year OATs issued on September 2, 2021, for an amount of 1.719 billion FCFA. Then the last default, which concerned 12-month BATs issued on September 8, 2022, for an amount of 21.5 billion