EU resumes aid to Mali

2014-12-12 17:35

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Bamako - The European Union has resumed aid to Mali which it suspended in June due to suspected irregularities in government spending, including the purchase of a $40m presidential jet, the Malian government announced on Friday.

The International Monetary Fund had questioned the way the government acquired the plane and a $200m state guarantee for a loan obtained by a private company which won a contract to provide supplies for the army.

The IMF halted its support for the West African country. Other international donors, including France and the EU, which have pledged around $4bn to back Mali's recovery from a coup and an al-Qaeda linked occupation in the north, also suspended their assistance.

The IMF said this month, however, Malian authorities had complied with a requirement to make public the results of audits into the suspected irregularities.

"I confirm the receipt ... of the sum of 62 241 680 110 CFA francs [$117m]," stated a communiqué read on state-owned radio which quoted Finance Minister Bouaré Fily Sissoko's correspondence with the EU delegation in Mali.

Other donors are expected to follow suit.

The IMF has said Mali faces risks from its unstable security situation and an Ebola epidemic that has crippled the economies of West African neighbours Guinea, Liberia and Sierra Leone, where the disease has killed more than 6 000 people.

Mali has recorded a handful of Ebola cases, but the health ministry said on Thursday that its last infected patient had recovered.

The IMF predicts Mali's economy should expand 5.8% this year and 5.5% in 2015, provided Ebola does not spread.

Read more on:    eu  |  mali  |  west africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.