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Coup in Niger: the World Bank stops its disbursements until further notice

04/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Wednesday, August 2, the World Bank (WB) announced in a press release that it had suspended disbursements to Niger “for all its operations and until further notice.”

The World Bank said in a statement that it was alarmed by efforts to overthrow the democratically elected government of Niger. As a result, “the World Bank has suspended disbursements for all its operations until further notice”, announced the institution, which intends to “carefully monitor the situation” on site. According to the data published on the institution's website, the World Bank spent 1.5 billion dollars in Niger in 2022 through its various aid programs and had so far paid 730 million dollars since the start of this year.

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