Alliance of Sahel States Charts bold path toward Economic Sovereignty

A Break from the Status Quo

After exiting the West African regional body in January 2024, the three Sahelian nations swiftly began implementing policies to strengthen interconnectivity and economic cohesion. Among the first tangible steps: abolishing roaming charges between their territories, developing a shared passport system, and instituting a harmonized 0.5% customs duty on imports from non-member countries.

“This alliance is rooted in sovereignty and inter-state solidarity,” declared officials during a landmark gathering held on May 23 at the Bamako International Conference Centre.

Economic Sovereignty Takes Center Stage

Central to this vision is the creation of the Confederal Bank for Investment and Development (BCID-AE), launched with a substantial initial capital of 500 billion CFA francs. The new financial institution is set to support critical infrastructure and bolster local industrial capacity across the AES region.

“This project is not just a financial move—it’s a political act of sovereignty,” said international economist Magaye Gaye. “It reflects the Sahel states’ desire to finance their own development and reduce dependence on traditional donors.”

Strategic Partnerships & Global Repositioning

Experts stress that to succeed, the AES must now secure committed capital, attract partnerships from global players such as China, BRICS nations, or African sovereign wealth funds, and implement robust governance mechanisms.

“A clear strategic vision, strong expertise, and well-targeted partnerships are essential,” Gaye emphasized.

In parallel, the bloc’s bold stance is prompting a reassessment of how international financial institutions engage with the region.

“These states aren’t seeking isolation,” Gaye noted. “They want to diversify support and strengthen their endogenous economic resources.”

Toward a Common Currency?

Talks are also underway about the possible creation of a common currency for the AES bloc. With the three countries representing 75% of WAEMU’s landmass and half its population, the proposal is gaining traction.

However, Gaye cautioned that “exiting the CFA franc is not enough.” He urged leaders to avoid previous policy missteps and instead build economic strategies focused on harmonized taxation, budget discipline, and trade balance correction.

A New Regional Model Emerges

The AES’s bold experiment in accelerated integration offers a compelling alternative model for regional cooperation—one driven by local priorities and a desire for greater control over national destinies.

Whether the bloc’s vision can be matched by concrete action remains to be seen, but the alliance is undeniably reshaping the geopolitical and economic narrative of the Sahel—and potentially, the wider West African region.

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