Public Management

The U.S. confirms coup in Niger, suspends aid

The U.S. confirms coup in Niger, suspends aid
Wednesday, 11 October 2023 21:49

The United States will only continue to provide humanitarian assistance. Over $500 million in cooperation projects have been suspended. Washington supports the return to democracy and calls for the release of overthrown president Mohamed Bazoum.

The United States is suspending a large part of its assistance to Niger, after officially calling the change in power a coup. Yesterday October 10, the US State Department spokesman Matthew Miller (pictured) issued a statement saying “The United States has concluded that a military coup d'etat has taken place in Niger. Pursuant to section 7008 of the Department of State's annual appropriations act, the United States is suspending most U.S. assistance to the government of Niger”.

The suspension of U.S. financial assistance has far-reaching implications for Niger. The West African country, already subject to severe regional and international sanctions, is also faced with considerable budgetary outlays, a significant part of which is due to the security situation. The jihadist threat was the main reason for the coup.

On October 6, the new government revised its 2023 financial act, cutting spending by almost 40%. As a reminder, on August 5, the United States temporarily suspended certain foreign aid programs, totaling nearly $200 million. According to the State Department, the whole program has now been suspended. In addition to these measures, "the Millennium Challenge Corporation has suspended all assistance to Niger, including all preparatory work for its $302 million Regional Transportation Compact and all new activities related to its 2018 Compact". Humanitarian, food, and health aid, on the other hand, is not affected by this suspension, and will be maintained, Mr. Miller assured.

On October 9, the State Department spokesman reiterated the United States call for the release of deposed President Mohamed Bazoum, who is still being held captive, as well as his family and all those detained. The U.S. is however ready to work with regional governments, including Niger, to advance common interests in West Africa.

The situation in Niger remains worrying, and the country remains at a crossroads. The international community is following up on the situation in a context that continues to deteriorate. According to a TV5 Monde source, Algeria has withdrawn its offer of mediation, further complicating the situation.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Non-performing loans exceed 16% of total bank credit in the Cemac BEAC warns of elevated systemic risk across the regional banking system New credit...
Government plans a new IMF-backed growth program after a two-year suspension Talks follow high-level exchanges between Gabonese authorities and the...
Client portfolio slipped 0.4% in Q3, but remains up 10.4% year to date Equity, deposits, and lending all posted solid growth Sector remains...
CCI-Togo plans a dedicated investment fund for start-ups from 2026 Digital, agro-industry, crafts, and services are among the target...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.