Public Management

EU announces €138 mln in aid for G5 Sahel

EU announces €138 mln in aid for G5 Sahel
Wednesday, 10 July 2019 17:12

G5 Sahel is receiving an additional €138 million granted by the European Union to further operations, Federica Mogherini (photo), EU High Representative for Foreign Affairs announced this week.

According to the manager, the new aid will be in addition to the funding already announced a few months earlier by the European institution. It will finance the deployment of the G5 Sahel joint force “including its police component”.

This announcement was made at the fifth inter-ministerial meeting of the G5 Sahel countries, held on Tuesday, July 10 in Ouagadougou, Burkina Faso. “We have decided to consolidate the partnership on the basis of the following priorities: ownership by the five countries of the G5 Sahel, in particular through enhanced coordination by the Permanent Secretariat, the definition of an integrated framework for action on security and development and the identification of priority areas on which the parties' efforts will be concentrated,” said Federica Mogherini.

Created in 2014, the G5 Sahel, which aims to pool efforts of Mali, Chad, Burkina Faso, Niger and Mauritania to combat terrorism and insecurity in the region, has seen its deployment delayed due to a lack of the financial resources necessary for its operationalization. Last December, donors pledged more than $2 billion in funding to the organization, mainly for the implementation of its priority investment program.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• IMF extends Niger’s Extended Credit Facility (ECF) program by one year through December 2026.• IMF approves a $41 million disbursement tied to...
EBRD grants $100 million loan to Banque Misr to expand credit access for SMEs and women-led businesses. Loan supports Egypt’s green finance...
UTB’s restructuring delayed to end-2026 due to incomplete audits; reorganization plan expected by March. Despite a CFA 15.2B injection, the bank...
DRC launches campaign to diversify investors in government securities 98% of bonds now held by banks; aim is to reduce risk and broaden...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
03

• The U.S. imposed a 20% tariff on cashew exports from Vietnam and a 40% tax on suspected transshipm...

U.S. Tariffs on Vietnam Cashews May Disrupt Trade, Hit African Growers (Interview)
04

Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 mil...

Cauri Money Targets Cameroonian Diaspora with Digital Wallet Launch
05

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
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
Média kit : Download

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.