West African Economic and Monetary Union lifts suspension of Mali

Political News

Mali can now rejoin the bodies and institutions of UEMOA, the monetary bloc said at the end of an ordinary summit held in Guinea-Bissau. The Malian junta currently in power staged a coup in August 2020 and a second one in May 2021, triggering sanctions against the country by various sub-regional institutions. The West African leaders gave no further details on the lifting of Mali’s suspension. However, they did welcome the resilience of the zone’s economies, whose economic growth rate is forecast at 7% in 2023 after 5% in 2022, despite the shocks experienced internationally and within the community.

Source : Anadolu Agency   

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