Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Benin feels the pinch of Nigeria's economic woes

Read more

BUSINESS DAILY

Deutsche Bank shares recover after turbulent week

Read more

MEDIAWATCH

Inside Aleppo: 'Feels like prison'

Read more

THE WORLD THIS WEEK

The Legacy of Shimon Peres, The Battle of Aleppo (Part 1)

Read more

THE WORLD THIS WEEK

Trump-Clinton Debate, Colombia Peace Deal, Death of the BlackBerry (Part 2)

Read more

FRANCE IN FOCUS

Backstage at Paris Fashion Week

Read more

FASHION

Paris Fashion Week: Saint Laurent, Lanvin, present new designers

Read more

#THE 51%

Online and proud: Iranian women use social media in a campaign for equality

Read more

#TECH 24

Say hello to Pepper!

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)