West Africa Junta Leaders Plan Taxes to Fund New Investment Bank
The military-led governments of Mali, Niger, and Burkina Faso are planning to establish a new investment bank funded by domestic taxes. The goal is to reduce their dependence on foreign aid and donors. The plan involves channeling a portion of the countries' revenues into the new bank, which will then be used to finance domestic development projects and investments. This move comes amid political instability and security challenges in the region, as the three countries have experienced military coups in recent years. The leaders of the juntas aim to take a more self-reliant approach to economic development, rather than relying on external funding sources. However, the success of the investment bank will depend on the political and economic stability of the countries, as well as their ability to effectively manage and allocate the funds.
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