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Al Jazeera
Al Jazeera
World

Niger defaults on debt payments again as post-coup woes pile

Niger ECOWAS
Members of a military council that staged a coup in Niger attend a rally at a stadium in Niamey, Niger, August 6, 2023 [Mahamadou Hamidou/Reuters]

Niger missed a debt payment of 13.4 billion CFA francs ($22m) last week, the West African debt management agency said on Monday, bringing the total default to some $519m since a July coup and its suspension from regional financial markets.

The West African monetary union debt management agency UMOA-Titres said in a statement that Niger had failed to make a repayment of principal which was due on February 16. It previously missed payments in August, November, January and February.

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