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
Renaprov Finance plans a BVMAC IPO to raise CFA8.4 billion by offering 44.44% of its capital to the public. The listing would make Renaprov the second...
Egypt’s central bank and Afreximbank signed an MoU to create a pan-African gold bank. The partners will conduct a feasibility study covering technical,...
Burkina Faso plans to launch a certified electronic invoicing system in January 2026. Authorities aim to raise tax revenue, curb VAT fraud, and reduce...
Jiangsu Yunyi Electric will build a wholly owned automotive components plant in Morocco. The project will require an investment of $66 million,...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
04

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
05

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
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.