West African bloc may lift Mali sanctions soon, says envoy


By Tiemoko Diallo

BAMAKO, Sept 23 (Reuters) - West African leaders may lift painful economic sanctions against Mali once an interim president is inaugurated on Friday in the wake of the Aug. 18 military coup, the bloc's envoy said, praising the junta's leadership.

The comments suggest the 15-nation Economic Community of West African States (ECOWAS) could accept the candidates picked this week to lead the transition of power, although they do not have the fully civilian background the bloc had demanded.

The easing of sanctions would be a relief for Mali, whose imports have slumped 30% since its neighbours closed borders and halted financial flows after the ouster of President Boubacar Ibrahim Keita.

"I am very happy with what is happening now in Mali. The young soldiers who have taken power are doing a job in line with what the (ECOWAS) leaders wanted," said Nigeria's former president, Goodluck Jonathan, after landing in Bamako for talks as head of a delegation from the bloc.

It had not previously been clear if ECOWAS would agree with Monday's nomination of former defence minister and retired colonel Bah Ndaw as interim president, particularly as the leader of the junta that seized power, Colonel Assimi Goita, is set to be vice president.

But Jonathan told journalists: "I hope that after the inauguration of the president on Friday the sanctions will be lifted."

Earlier, the Malian Council of Shippers said it was urgent the embargo be eased.

"In the coming days stocks will be exhausted, and we will see supply disruptions, production stoppages, layoffs, a paralysis of economic activity," the group's president, Ousmane Babalaye Daou, said in an interview with Reuters.

Mali imports 5 million tonnes of goods every year, from woven cotton to cement, some of which arrive at ports across West Africa and are trucked hundred of miles inland.

Stockpiles have cushioned the blow so far, but new orders from Asia or Europe take up to two months to arrive, Daou said.

Essential imports, including petrol, food and medicine, are exempt.

(Reporting By Tiemoko Diallo in Bamako Writing by Edward McAllister and Alessandra Prentice Editing by Bate Felix and Matthew Lewis)

((edward.mcallister@tr.com; +221 77 569 1704;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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