Mali, Niger and Burkina Faso announce the establishment of a joint investment bank

Niamey on August 1 / WAM / Mali, Niger and Burkina Faso announced the establishment of a joint investment bank; To enhance economic integration between the three countries.

The bank aims to finance major development projects in the fields of infrastructure, energy and agriculture, as part of efforts to build an independent economic partnership and reduce dependence on traditional western and regional financial institutions.

Each of the three countries will contribute about 5% of its tax revenues in the bank’s capital scheduled for established, and will be combined to form the necessary capital to establish the bank that will be used later to finance development projects.

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