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Mali: Suspension of disbursements lifted

21/07/2022
Categories: Economy/Forex

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On July 18, 2022, in a letter addressed to the Minister of Economy and Finance, the Bank's Vice President for West and Central Africa Region announced the lifting of the suspension of disbursements for World Bank-financed projects and programs in Mali.

The suspension of withdrawals under suspended loans is lifted as of July 18, 2022. The rationale for this lifting is that "the World Bank has received all overdue payments referred to in the suspension notice and all other payments due from the member country and the borrower that have fallen due since the date of suspension referred to in the notice. This diligence by the Ministry of Economy and Finance will thus allow, as soon as possible, the release of the outstanding payments of the companies concerned and also the immediate resumption of the activities of the said projects and programs. The lifting of the sanctions follows the payment by the State of Mali of its dues to the World Bank as soon as the ECOWAS and WAEMU sanctions are lifted.

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