Mali, Niger, Burkina Faso launch joint investment bank
The bank will finance major development projects in infrastructure, energy and agriculture, as part of a broader effort to build an independent economic partnership and reduce reliance on traditional Western and regional financial institutions.
Each of the three countries will contribute around 5 percent of their tax revenues to the bank's capital, which will be pooled to fund development initiatives across the region.
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Mali, Niger, Burkina Faso launch joint investment bank
Mali, Niger and Burkina Faso have announced the establishment of a joint investment bank aimed at enhancing economic integration among the three countries. The bank will finance major development projects in infrastructure, energy and agriculture, as part of a broader effort to build an independent economic partnership and reduce reliance on traditional Western and regional financial institutions. Each of the three countries will contribute around 5 percent of their tax revenues to the bank's capital, which will be pooled to fund development initiatives across the region.
