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Following the coup in Niger Republic which led to the overthrown of the democratically elected president of the country, the World Bank on Wednesday said it has suspended the disbursements to the country until further notice except for private-sector partnerships.
According to them, the World Bank has paused disbursements for all operations until further notice other than private sector partnerships which will continue with caution,” the World Bank said in a statement.
The World Bank said it would continue monitoring the situation.
“We are driven by the ambition to improve the quality of life and opportunities for the people of Niger,” the World Bank said.
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Niger’s regional and international partners are scrambling to respond to a military coup that political analysts say could have grave consequences for democratic progress and the fight against an insurgency by Islamist militants in West Africa.
A military junta overthrew Niger’s Democratically elected President Mohamed Bazoum and his government on July 26 in the seventh military takeover in less than three years in West and Central Africa.
West Africa regional block ECOWAS sent a delegation to Niger on Wednesday to negotiate with the military officers who seized power, hoping to find a diplomatic solution before they have to decide whether to intervene.