Public Management

Bamako opposes additional sanctions from regional blocs over elections

Bamako opposes additional sanctions from regional blocs over elections
Monday, 10 January 2022 13:41

West African regional blocs -WAEMU and ECOWAS- announced tightened measures against Bamako. They decided so to pressure the Malian Junta into holding elections next month.

Gathered in Accra yesterday, the West African leaders announced, with immediate effect, the freezing of Malian state assets within the regional central bank and all the community’s commercial banks. ECOWAS will close both air and land borders to Mali and suspend financial aid to the country. Moreover, trade between Mali and the rest of the region will be strictly limited to necessities, oil and medical products, and electricity. All ECOWAS envoys to Bamako will be recalled.

Although the regional institution seems stuck to its guns, it has made it clear that the sanctions could be "gradually" lifted provided that "an acceptable and agreed timetable" is put in place and is duly respected.

In response, the Malian leaders condemned these "illegal and illegitimate" sanctions and deplored the lack of solidarity from WAEMU and ECOWAS. They also denounced the manipulation of regional institutions by foreign powers and promised to fight back. “As reciprocity, Mali has also decided to recall its ambassadors in ECOWAS and to close its land and air borders with the states concerned,” a government spokesman revealed in a broadcasted statement.

Jean-Marc Gogbeu (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs), enabling them to offer regulated capital markets...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the BCEAO and ECOWAS financial systems. Ministers from...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables tap-to-pay on POS terminals for the first...
(UMOA-TITRES) - UMOA-Titres announces the organisation of the 8th edition of the Regional Public Securities Market Meetings (REMTP), to be held on 27–28...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Central bank launches project for real-time transfers across banks and mobile wallets System aims...

Guinea readies instant payment system to speed transactions and cut cash use
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
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.