AES announces the establishment of an investment bank and a stabilization fund

AES announces the establishment of an investment bank and a stabilization fund
AES announces the establishment of an investment bank and a stabilization fund

Meeting this Saturday, July 6 in Niamey for the very first summit of the Alliance of Sahel States (AES), the heads of state of Niger, Mali and Burkina Faso decided to create an investment bank for the organization and to set up a stabilization fund. Two instruments that were to support structuring projects in essential sectors such as agriculture, water, energy, infrastructure, and the free movement of people and goods.

The leaders of the three countries “decided to take a further step towards deeper integration between the member states,” notes a note from the meeting during which Malian Assimi Goïta was appointed head of the Alliance for a one-year term. “To this end, they adopted the treaty establishing a confederation between Burkina Faso, Mali and Niger called the Confederation of Sahel States,” the same source continues.

The birth of this confederation confirms the divorce between these three states and ECOWAS, from which they had announced their departure last January. “This popular momentum constitutes the best guarantee of building a confederation of peoples and not a bureaucratic edifice. Our people have irrevocably turned their backs on ECOWAS,” declared General Tiani of Niger.

In addition, the summit also signed and adopted the internal regulations of the College of Heads of State of the ESA and other documents which provide, among other things, for the free movement of people and goods within the Confederation, the establishment of a unified force of the ESA and a permanent trilateral plan for military actions.

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