West African leaders lift economic and financial sanctions on Mali - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Leaders of the Economic Community of West African States on Sunday lifted economic and financial sanctions imposed on Mali. ECOWAS

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.

“However, the heads of state decided to maintain individual sanctions, and the suspension of Mali from ECOWAS, until the return to constitutional rule,” Kassi Brou said.Mali has defaulted on over $300 million of its debt due to the sanctions, which cut it off from the regional financial market and the regional central bank.

 

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