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
Blue Earth Capital secures over $100 million first close Impact secondaries strategy targets emerging markets, including Africa and...
Coris buys Portugal state’s 59.81% stake in Banco Comercial do Atlântico Deal approved by Portugal and Cape Verde regulators Transaction...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross-border financing rose to CFA405.6 billion Credit...
Sahel Capital secures $29 million first close for agribusiness fund SCAF II targets West African agribusiness value chains Fund makes first...
Most Read
01

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
02

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights l...

Weekly Health Update| Rising diabetes rates raise health risks in Morocco and the MENA region
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.