WASHINGTON, March 22 The World Bank and African
Development Bank on Thursday condemned the military coup in Mali
and suspended project financing to the West African country, the
institutions said in a joint statement on Thursday.
"Our development operations are suspended, with the
exception of emergency assistance," the institutions said,
calling for a speedy resolution of the crisis.
The overnight mutiny by low-ranking soldiers toppled
President Amadou Toumani Toure's government. The soldiers were
angered by the government's failure to end a two-month-old
separatist rebellion in the north of the West African country.
The statement by the World Bank and African Development Bank
followed a move by the regional decision-making body ECOWAS,
which said it would not recognize the junta.
(Reporting By Lesley Wroughton; Editing by Andrew Hay and Diane