The Alliance of Sahel States decides to create an investment bank


The heads of state of Burkina Faso, Mali and Niger decided on Saturday to create an investment bank within the Alliance of Sahel States (AES) space, during their first summit held in Niamey, the capital of Niger.

The leaders of Burkina Faso, Captain Ibrahim Traoré, of Mali, Colonel Assimi Goïta, and of Niger, General Abdourahamane Tchiani, also decided to create a confederation of the Alliance of Sahel States (AES) and the establishment of a stabilization fund.

They have indeed instructed the ministers in charge of foreign affairs and those in charge of development to take steps for their operationalization, specifies the final communiqué of the summit.

In the Niamey Declaration, published at the end of the Summit, the West African heads of state welcomed the results obtained thanks to the synergy of actions between the three states in the fight against terrorism in the Alliance area.

The States of the confederation have decided to lead a common and effective fight against terrorism in the Sahel in general, and in the Liptako-gourma area in particular, the Declaration indicates.

The three leaders also welcomed the establishment of a unified force of the Sahel States at the meeting of the Chiefs of Staff held in Niamey last March. This force is tasked with implementing a permanent trilateral plan and combating armed terrorist groups, transnational organized crime and other threats facing these States.

Burkina Faso, Mali and Niger announced in January their withdrawal from the Economic Community of West African States (ECOWAS). The latter is due to hold a summit of its heads of state in Abuja on Sunday, where the issue of relations with the ESA will be on the agenda for discussions.

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