Restrictions imposed in response to a coup by regional and Western countries led to a credit rating downgrade by the agency Economic and financial sanctions imposed on Niger by its regional and Western partners following last week’s military coup could result in the country defaulting on its debt, ratings agency Moody’s has warned. The Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU) imposed restrictions on the government of Niger last week, including the suspension of all commercial and financial transactions, and the freezing of Niger’s assets in ECOWAS
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