Niger Just REFUSED to Pay French Loans Worth Over $500 Why.

#niger #ibrahimtraoré #burkinafaso The Republic of Niger has missed a debt payment of over 22 million dollars, bringing the country’s total debt to approximately 519 million, since the military coup broke out in the country, and its suspension from regional financial markets. Before the coup, external assistance accounted for almost half of Niger’s budget. In July 20 23, an estimated 51-million-dollar bond issuance by Niger was canceled by the Central Bank of West African States. Niger’s neighbors also closed their borders to the country, and more than 70 percent of its electricity, supplied by Nigeria, was cut off. Financial transactions with West African countries were suspended, and Niger’s assets in external banks were frozen, and now, hundreds of millions of dollars in aid have been withheld. Niger continues to suffer significant humanitarian needs to conflicts, displacement, food insecurity, child malnutrition, and epidemics. The violence caused by presidential tussles between President Mohamed Bazoum and General Abdurrahman Tchiani has affected several areas of the country, forcing many people out of their homes. Threats from Bokoharam terrorists are not left out of the list. FOOTAGE licensed through Storyblocks