For decades, Mali; like so many other African nations; was trapped in an economic straitjacket. You’ve probably heard it all before high debt-to-GDP ratios, loans taken out to pay off the interest on previous loans, and foreign lenders dictating terms that siphon wealth right out of Africa’s veins.
It’s a familiar story, isn’t it? But here’s where Mali flips the script in a way no one saw coming. Imagine this: a nation that was once drowning in financial obligations suddenly throws off the shackles and emerges debt-free. That’s exactly what Mali did.
But the main question is how Mali did it.
Let’s find out.
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Sources:
1. https://www.threads.net/@raw_teach/post/DCWRRzXA51T/mali-is-now-a-debt-free-countrythe-country-finance-minister-has-announced-mali-
2. https://www.bbc.com/news/world-africa-6628241
3. https://www.theafricareport.com/366131/assimi-goita-and-mark-bristow-face-off-over-mining-code-agreement/
4. https://www.reuters.com/world/africa/mali-pay-off-332-mln-internal-debt-says-minister-2024-10-20/
5. https://mg.co.za/africa/2021-06-02-assimi-goita-the-man-who-ousted-two-presidents-in-nine-months/
6. https://www.taylorfrancis.com/chapters/edit/10.1201/9781315224343-6/drought-dependence-sahel-nicole-ball#:~:text=The%20countries%20of%20the%20Sahel,rainfall%20need%20not%20engender%20disaster.
7. https://www.aa.com.tr/en/analysis/opinion-lost-ground-how-china-and-russia-are-outflanking-the-us-in-africa/3246326
8. https://revistas.marilia.unesp.br/index.php/bjir/article/download/10517/8361/43843
9. https://www.aa.com.tr/en/africa/burkina-fasos-junta-chief-unveils-1st-state-bank-aiming-for-economic-sovereignty/3293578
10. https://www.afdb.org/fr/news-and-events/africa-is-now-the-fastest-growing-continent-in-the-world-12107
11. https://www.dbsa.org/article/why-unity-africa-can-be-beneficial-development
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