Niger's regional and Western partners have announced a series of sanctions against the country following last week's coup. Niger is the world's seventh-biggest producer of uranium, the radioactive metal widely used for nuclear energy and treating cancer. It is also one of the world's poorest countries, receiving close to $2 billion a year in development assistance.
General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. REUTERS/Balima Boureima/File Photo
According to 2023 budget projections, of Niger's total budget of 3,245 billion CFA francs for the fiscal year, around 342.44 billion francs was expected to come from external budget support and loans. bond issuance by Niger in the West African regional debt market was cancelled by the regional central bank following the imposition of sanctions. Niger had planned to raise 490 billion CFA francs from the regional debt market in 2023.support and cooperation on security with Niger with immediate effect.
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