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Search resuls for: "Monetary and Economic Union"


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Ivory Coast alone is home to more than 5 million people from Burkina Faso, Mali and Niger. Earlier this month, Russia and Niger, ruled by a junta since a coup last year, agreed to develop military ties. Russian military personnel flew into Burkina Faso's capital Ouagadougou last week to ensure the safety of the country's military leader. EMPTY THREATECOWAS has responded to a wave of coups in the region since 2020 with sanctions that the juntas have called "illegal and inhumane." "The departure from ECOWAS will have catastrophic consequences for the ability to respond to the many security challenges facing this region," said Abba.
Persons: Bate Felix, David Lewis, Giulia Paravicini, Seidik Abba, Russia's Wagner, Mucahid Durmaz, Verisk Maplecroft, Charlie Robertson, Kwesi Aning, Gilles Yabi, Adama Coulibaly, Nagnouma Keita, Abba, Tiemoko Diallo, Boureima, Silvia Aloisi, Andrew Cawthorne Organizations: Giulia Paravicini DAKAR, West, West African States, Reuters, Islamic, FIM Partners, European Union, ECOWAS, CFA Locations: Mali, Burkina Faso, Niger, Russia, Ivory Coast, Niger . Niger, Nigeria, Paris, Ghana, Togo, Benin, France, United States, Burkina Faso's, Ouagadougou, West Africa, United, London, Bamako, Guinea, China
General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. REUTERS/Balima Boureima/File PhotoDAKAR, Aug 8 (Reuters) - Niger's regional and Western allies have announced a series of sanctions against the country following the July 26 coup. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States (ECOWAS) and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. NETHERLANDSThe Dutch government, which was supporting development and security programmes in Niger, temporarily suspended its direct cooperation with the government following the coup. WORLD BANKThe World Bank suspended disbursements until further notice, except for private-sector partnerships which it said will continue with caution.
Persons: Abdourahmane Tiani, Balima, Bate Felix, Anait, Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie, Angus MacSwan Organizations: REUTERS, WEST AFRICA REGIONAL BLOC, Economic, West African States, ECOWAS, West, Monetary and Economic Union, Ivory, European Union, STATES, ., CANADA Canada, World Bank, Bank, Thomson Locations: Niger, Niamey, DAKAR, Nigeria, Ivory Coast, West Africa's, FRANCE France, France, Mali, Burkina Faso, NETHERLANDS, Dutch, United States, U.S, Africa, Washington, Brussels, Paris
DAKAR, July 31 (Reuters) - Niger's regional and Western partners have announced a series of sanctions against the country following last week's coup. Another 978.47 billion francs was supposed to come from project grants and loans from external partners. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. Niger had planned to raise 490 billion CFA francs ($834 million) from the regional debt market in 2023. FRANCEFrance, another major partner of its former colony, suspended development aid and budget support with immediate effect, demanding a prompt return to constitutional order.
Persons: Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie Organizations: WEST AFRICA REGIONAL BLOC, Economic, West, Monetary and Economic Union, European Union, UNITED STATES, ., Thomson Locations: DAKAR, Niger, West African States, FRANCE France, France, Mali, Burkina Faso, United States, Washington, Brussels, Paris
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