On September 9, 2022, the rating agency Moody’s changed Mali’s rating. The country has thus moved from a “negative” to a “stable” outlook. This rating improvement sovereign is due to the resolution of the payment default after the lifting of the economic and financial sanctions imposed by ECOWAS.
Mali: ECOWAS lifts its economic and financial sanctions
Since the agreement concluded on July 3 between the military junta and the Economic Community of West African States (ECOWAS) for a return to civilian rule, the Malian economy seems to be recovering.
Last August, that is one month after the said agreement, the military government managed to honor the settlement of all its outstanding debt obligations, including interest. This debt was precisely composed of 85.1 billion CFA francs (131 million dollars) for the external debt; 66 billion CFA francs ($102 million) for the this of