Mali Faces Recession After Coup
Mali faces mountainous economic and political challenges more than a month after the military coup that toppled president Ibrahim Boubacar Keita, analysts say.
Plagued by graft and poverty, the Sahel state was already battling a severe downturn, aggravated by a jihadist insurgency and ethnic violence, when the military seized control on August 18.
Mali is now barrelling into a recession as the coronavirus pandemic and sanctions imposed by its neighbours take effect, economist Etienne Fakaba Sissoko said.
The 15-nation bloc ECOWAS, fearing the restive country could spiral into chaos, immediately shuttered Mali’s borders and imposed trade restrictions, putting pressure on the junta to swiftly hand over power.