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French West Africa terror ignores investor agenda

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Along with desert fighting in the sub-Saharan Sahel region against government forces, terror groups brimming with arms after Libya’s breakup have struck hotels in capital cities throughout the eight-country French West Africa Economic and Monetary Zone (WAEMU), a grouping with a common central bank and currency, the CFA Franc pegged to the euro.

Cote d’Ivoire beach resorts outside Abidjan were the latest targets, following assaults in Burkina Faso and Mali killing international aid workers and business executives. These countries are enmeshed in their own violent political conflicts, putting the priority on internal as well as external security. But their economic and financial agendas are also urgent and call for “strong resolve”, according to the International Monetary Fund’s March Article IV report.

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