Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

'Castro's hipster apologists want to keep Cuba authentically poor'

Read more

IN THE PAPERS

Cuban Diaspora divided along generational lines

Read more

BUSINESS DAILY

EU investment: Juncker's plan expected to generate €315bn

Read more

MEDIAWATCH

Depardieu launches "Proud to be Russian" watch range

Read more

DEBATE

SPECIAL: US and Cuba Normalise Relations

Read more

ENCORE!

Forget Harry Potter, Jeff Kinney's 'Diary of a Wimpy Kid' sells millions

Read more

FOCUS

Child migrants: no parents, no passports

Read more

AFRICA NEWS

Thousands flee Libya and Nigeria to seek refuge in Niger

Read more

INSIDE THE AMERICAS

Sony Pictures reels from cyber-attack

Read more

Africa

World Bank halts aid amid condemnation of Mali coup

Text by News Wires

Latest update : 2012-03-23

The World Bank and the African Development Bank said Thursday they were suspending aid to Mali after a military coup this week ousted President Amadou Toumani Toure. The UN Security Council, the African Union and ECOWAS have condemned the coup.

AFP - The World Bank and the African Development Bank announced Thursday they were suspending their development aid to Mali after a coup d'etat ousted President Amadou Toumani Toure.

The two multilateral lending institutions said they were joining the African Union and the West Africa regional bloc ECOWAS in "condemning the military coup, urging a speedy resolution of the crisis and calling for the restoration of constitutional government to preserve the development gains of the country and its people."

"Our development operations are suspended, with the exception of emergency assistance," they added in a joint statement.

The banks noted that Mali was in the final stages of preparing for democratic elections due to take place next month, and had made "steady economic and social progress, and strengthened its democratic governance" in recent years.

What began Wednesday as a mutiny over the government's response to the rekindled Tuareg insurrection turned into a full-blown coup as soldiers seized control of the presidential palace and state broadcaster.

Mali is usually seen as politically stable, but smouldering troubles in the north where Tuareg tribes have long felt ignored by a southern government and Al-Qaeda has taken deep root and have turned the region into a tinderbox.

This was ignited when the demise of Libya's Moamer Kadhafi sparked the return of hundreds of heavily-armed Tuareg who had fought for him and were ready to take up a decades-long struggle for independence.
 

Date created : 2012-03-23

  • MALI

    Mali coup leaders close all borders 'until further notice'

    Read more

  • Mali

    UN calls on Mali's Tuareg rebels to halt advance

    Read more

  • MALI

    Mali's Tuareg clashes have displaced some 172,000

    Read more

COMMENT(S)