Public Management

G5 Sahel-EU Summit: Debt cancellation is now a "necessity", Mohamed el-Ghazouani says

G5 Sahel-EU Summit: Debt cancellation is now a "necessity", Mohamed el-Ghazouani says
Wednesday, 02 December 2020 16:57

On November 30, the organization of the G5 Sahel countries held a video-conference summit with the European Union (EU) to discuss the problems of the region. The meeting was also attended by the UN and the African Union.

On the agenda were mainly the covid-19 pandemic and its impact on the populations, the debt issue, and the eternal security problem that undermines the region.  

Welcoming the opening of discussions with the EU within the framework of its new strategy for the Sahel, the various heads of state of the five-member countries (Burkina Faso, Mali, Mauritania, Niger, and Chad) pleaded for an intensification of the efforts of European countries to put in place various military programs to secure the Sahel. The new Takuba mission is included. Burkinabe President Roch Kaboré called for its full operationalization.

The G5 Sahel leaders also recalled how their economies have been affected by covid-19. There are at least 19,166 cases in total, according to the latest WHO assessment.

In line with their April appeal, they called on foreign countries, particularly those of the EU, to improve their support to the G5 Sahel governments through debt relief initiatives. In this regard, Mauritanian President Mohamed Ould Cheikh el-Ghazouani, also current President of the G5 Sahel, recalled "the need to cancel the debt of the G5 Sahel countries, whose weight is becoming too much of a burden [...] and which is a real socio-economic imperative, as we strongly emphasized in the Nouakchott Appeal of last April.”

According to Niger’s President Mahamadou Issoufou, "a support from the European Union in this area will be a strong signal to other bilateral and multilateral partners who will not hesitate to follow suit."

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Bank of Botswana raises key interest rate to 3.5% amid liquidity crunch Move responds to rising interbank rates, falling diamond revenues, and...
Coris Bank Q3 profit rises 6.25% to $93.5M on stronger operations Deposits up nearly 10%, but customer loans fall 3.2% year-on-year Bank...
Net profit fell to CFA11.9 billion amid rising raw material prices. Revenue increased slightly by 1.36% to CFA173.4 billion. The company expects...
Net profit rose to CFA83.3 billion, driven by cost control and strong activity. Customer deposits increased 13.9% to CFA2,939 billion. Loan-to-deposit...
Most Read
01

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...

Wave Launches Commercial Bank in Côte d’Ivoire
02

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...

Sonatel Stock Nearly 19% Rise Over the Year, Signals Undervalued Telecom Giant Poised for Further Growth
03

Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...

Presidential Elections: Paul Biya Declared Winner in Cameroon, Alassane Ouattara Favorite in Ivory Coast
04

Safaricom's M-Pesa integrated with Ethiopia's national payment network, EthSwitch, on October 27. ...

Safaricom Integrates M-Pesa Into Ethiopia's Payment Rail
05

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft ...

Moroccan Bottler ECCBC Invests $77.6 Million to Grow Its Operations
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.