Latest News

France and EU cut off financial support to Niger following military coup

France and the EU have cut off financial support to Niger after a coup toppled the West African country’s democratically elected president.

In a statement, France – Niger’s former colonial power – called for the “immediate return to the Nigerien constitutional order” adding to the mounting international pressure on the coup plotters.

The move came shortly after the European Union suspended all security cooperation to Niger earlier Saturday, and announced it would no longer provide financial support. Niger is one of the world’s poorest countries and receives hundreds of millions of dollars each year in assistance.

Abdourahamane Tiani, a general who leads the country’s presidential guard, was declared the country’s new leader after President Mohamed Bazoum was detained earlier this week.

“This unacceptable attack on the integrity of Niger’s republican institutions will not remain without consequences for the partnership and cooperation between the European Union and Niger, in all its various aspects,” said Josep Borell, the EU’s foreign policy chief.

“President Bazoum was democratically elected; he is and remains the only legitimate President of Niger. He must be released unconditionally and without delay.”

Leaders from Washington to Moscow have called for Bazoum’s release, so far to no avail.

The African Union on Saturday demanded that Nigerien military personnel “immediately and unconditionally return to their barracks and restore constitutional authority,” within 15 days. The AU warned it would “take necessary action, including punitive measures against the perpetrators, should the rights of political detainees not be respected.”

Borell and French President Emmanuel Macron both said they would be willing to support regional organizations, including the Economic Community of West African States, should they decide to bring sanctions against Niger.

It is unclear to what extent international pressure would impact the decision of those attempting to seize power.

Niger lies at the heart of Africa’s Sahel region, which has seen numerous power grabs in recent years including in Mali and Burkina Faso.

A key ally of the United States, France and other Western governments, Niger had been one of the few democracies in a region fraught with Islamist insurgencies.

This post appeared first on cnn.com

You May Also Like

Latest News

The presidents of Spain’s regional soccer federations are calling for the resignation of Luis Rubiales, the suspended president of the National Football Association, in...

Latest News

Luis Rubiales on Sunday resigned from his position as president of the Spanish soccer federation following weeks of fierce criticism over his unwanted kiss...

Editor's Pick

When searching for world-class gold deposits, mining companies prefer high-grade, near-surface mineralization. Epithermal gold deposits check these boxes and more. While gold is often...

Editor's Pick

Overview A lot can change in two years — just look at Brazil. Best described as a bit player in the lithium space only...

Disclaimer: dividendsgrowth.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 dividendsgrowth.com