Bloomberg News

Mali Faces Economic Sanctions From West Africa Group

March 29, 2012

(Corrects reference to commercial banks in last paragraph.)

Mali and members of the junta that took power in Mali last week face economic sanctions from the Economic Community of West African States if the army doesn’t hand over power by April 2

The commission will deny Mali access to the ports of the region if the junta doesn’t leave power by the deadline, said Desire Kadre Ouedraogo, president of the group.

Mali accounts at the group’s central bank in Dakar would also be frozen and accounts of the government in commercial banks would lose access to cash supplied by the central bank, Ouedraogo said. The commission would also freeze assets of the members of junta and their associates.

To contact the reporter on this story: Olivier Monnier in Abidjan at

To contact the editor responsible for this story: Antony Sguazzin at

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