• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ECOWAS Leaders Lift Sanctions on Mali

July 4, 2022
Stephen M.Cby Stephen M.C
in Africa
0
ECOWAS Leaders Lift Sanctions on Mali

Leaders of the Economic Community of West African States (ECOWAS) has lifted the economic and financial sanctions imposed on Mali, after its military rule.

ECOWAS Commission President, Jean Claude Kassi Brou told a news conference that the sanctions will be lifted immediately. This comes days after the country came out with a scheduled time table for general elections.

“Borders with Mali will reopen after regional reps proposed a 24-month transition to democracy and published a new electoral law.”

Jean Claude Kassi Brou

The bloc imposed stiff sanctions on Mali in January after the junta said it would not organise democratic elections the following month as initially planned. Meanwhile, Diplomats, will return to Bamako as part of lifting of sanctions.

“However, the heads of state decided to maintain individual sanctions, and the suspension of Mali from ECOWAS, until the return to constitutional rule.”

Jean Claude Kassi Brou

The individual sanctions targeted members of the ruling junta and the transitional council.

The West African leaders meeting in Accra also accepted a pledge from the junta that seized power in Burkina Faso in January to restore constitutional order in 24 months.

Kassi Brou noted that after a lengthy discussion with the coup leaders in Burkina Faso, a new proposal for a 24-month transition was more acceptable, after the heads of state rejected a proposed 36-month transition.

The Heads of State appointed Benin’s former President Yayi Boni as a new mediator and urged the Guinea junta to work with him and quickly propose a new timetable. “Beyond that, economic sanctions will be imposed,” Kassi Brou said.

Sanctions hit Mali hard

The sanctions have badly hit the country, whose economy is already under severe strain from a decade-long jihadist insurgency.

Mali, which underwent coups in August 2020 and May 2021, has defaulted on over $300 million (€287 million) of its debt due to the sanctions.

The sanctions also cut the conflict-ravaged nation off from the regional financial market and the regional central bank.

After months of talks, Malian authorities on Wednesday approved a plan to hold presidential elections in February 2024.

RelatedPosts

Mass Jail Sentences Deepen Tunisia’s Political Crisis

Trump’s Tariff Hits South Africa’s Exports Hard

Ruto Resignation Hoax Spreads As Protests Rock Kenya

The vote will be preceded by a referendum on a revised constitution in March 2023 and legislative elections in late 2023.

What’s the decision on Guinea and Burkina Faso?

ECOWAS leaders, who met in Ghana, also assessed the political situation in Guinea and Burkina Faso, where military coups took place in September 2021 and January this year, respectively.

Kassi Brou disclosed that the leaders accepted a pledge from the junta, that seized power in Burkina Faso in January, to restore constitutional order within 24 months. “Economic and financial sanctions on Burkina Faso were also lifted,” he said.

But ECOWAS rejected a three-year transition proposed by coup leaders who seized power in Guinea in September. The leaders called on Guinea’s junta to propose a new timeline by the end of July or face economic sanctions.

READ ALSO: Turnover Declines on a Reduced Volume of Transactions

Tags: ECOWASMaliSanctions
Please login to join discussion
Previous Post

Ghanaian filmmaker benefits from Creatives Rebuild New York’s Artist Employment Programme

Next Post

AGI Calls For Prioritisation Of Predictable Business Environment Ahead Of IMF Intervention

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

July 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

July 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

July 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

July 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

July 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

July 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

by Esther Korantemaa OffeiJuly 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

by Lawrence AnkutseJuly 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

by Silas Kafui AssemJuly 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

by Comfort AmpomaaJuly 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

by Prince AgyapongJuly 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

by Evans Junior OwuJuly 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Mustapha Gbande, Party, President.
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
GoldBod CEO Champions Value Addition in Mining
Hon. Haruna Iddrisu, Ghana's Minister for Education
[/vc_row_inner]

Recent News

  • Debby Reveals Professionalism Fuels Female Musicians
  • Mass Jail Sentences Deepen Tunisia’s Political Crisis
  • Every NDC Member Is Better Off Today – Gbande
  • Mass Casualty Incidents Besmirch Gaza’s Aid Struggle
  • Ghana Poised to Reap Big from Soaring Gold Prices
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.