West African Economic and Monetary Union provides anti-terrorist funding to 3 member states

The special summit of the West African Economic and Monetary Union ended on 3rd in Jamniaja, Senegal, and decided to report to Mali, a member of the Union and the Sahel Group of Five. Niger and Burkina Faso provided $ 100 million in funding to combat terrorism in the Sahel.

    The Chairman of the West African Economic and Monetary Union Committee, Abdullah Brema, said that the funds are urgent assistance needed by regional members to fight terrorism, and that in September this year the special summit of the Economic Community of West African States (ECOWAS) announced the financing of a fight against regional terrorism Part of the funding.

    Brema also announced that the special summit of the West African Economic and Monetary Union also decided to establish a security fund to address regional insecurity, including terrorism.

    The West African Economic and Monetary Union was established in 1994 and currently has eight member states, Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal, Togo and Guinea Bissau. The presidents or prime ministers of member states attended the special summit.

    In September this year, the ECOWAS Special Summit was held in Ouagadougou, Burkina Faso, with 15 ECOWAS members and the heads of Mauritania and Chad. The summit announced that ECOWAS, Mauritania and Chad will jointly raise US $ 1 billion to fight regional terrorism.

    The Sahel is a region 320 km to 480 km wide in the sub-Saharan Africa. It has been plagued by poverty, armed conflict and natural disasters in recent years. The unstable situation in the region has also negatively affected the development of ECOWAS. In 2014, the member countries of the ECOWAS, Burkina Faso, Mali, Niger, and Mauritania and Chad, established the Group of Five Sahel to promote close cooperation among the countries of the region to meet common challenges.