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Franc Area/Mali

Published on April 10, 2013
Communiqué issued by the Ministry of the Economy and Finance

Paris, April 8, 2013

Pierre Moscovici, Minister of the Economy and Finance, participated in the Franc Area finance ministers’ meeting, which took place in Dakar, Senegal, on 8 April.

This meeting was held six months after the 40th anniversary of the monetary agreements was celebrated at Bercy [Finance Ministry] in the presence of Côte d’Ivoire’s president.

After the opening speech by Mr Abdoul Mbaye, Prime Minister of Senegal, Pierre Moscovici reaffirmed to his African counterparts the Franc Area’s importance as a lever of shared growth and a factor of regional integration, as well as an area of economic and political solidarity.

Proceedings focused in particular on the growth increases expected as a result of strengthened regional economic integration, estimated to be at least two GDP percentage points a year, and ways of optimizing the management of state shareholdings.

The ministers also highlighted the extent to which Mali’s reconstruction and economic development affected them. Mali’s membership of this community has allowed her to curb inflationary pressures and avoid economic and social difficulties being added to the current situation.

During his meeting with President Macky Sall, Pierre Moscovici talked among other things about the donors’ conference for Mali to be held in Brussels in mid-May, in the presence of President François Hollande.

This visit is also consistent with a desire to revamp the bilateral relationship between Africa and France on the basis of a mutually beneficial economic partnership. In order to identify the tools for such a revamp, the Minister has asked five key people – Messrs Hubert Védrine, Tidjane Thiam, Jean-Michel Severino, Lionel Zinsou and Hakim El Karoui – to provide concrete proposals by the summer.

Finally, the Minister took advantage of being in Dakar to meet and talk to the French community./.

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