Military-Led West African States Launch Regional Investment Bank

New Regional Bank Launched

The military-led governments of Mali, Burkina Faso and Niger have launched a regional investment bank with an initial capital of 500 billion CFA francs ($895 million).

Focus and Funding

The bank’s purpose is to fund key development projects across the region. Its initial focus will be on:

• Infrastructure
• Energy
• Agricultural projects

Image: Yusuf Sabqi / Unsplash
Source: Bloomberg