Withdrawal of Mali from ECOWAS: Unprecedented economic development opportunities are emerging! The Minister of Economy and Finance explained that Mali’s withdrawal from ECOWAS offers opportunities for economic development in sectors such as agriculture and energy. Financially, the country will benefit because it has a trade deficit with the ECOWAS-UEMOA zone. Mali’s exports to ECOWAS represent only 9% of its total exports, which results in a loss of nearly 120 billion CFA francs due to the tariffs applied. After leaving ECOWAS, Mali’s budget will automatically increase by 21 billion CFA francs. In addition, the minister stressed that the withdrawal from ECOWAS will allow Mali to set its own tariffs and attract more direct investments. The government will set up an inter-ministerial commission to monitor markets and adjust policies if necessary.
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