The first board meeting of the Confederal Bank for Investment and Development of the Sahel States Confederation (BCID-AES) has concluded in Bamako, marking a key milestone for the new regional financial institution.

The bank, which has a capital base of 500 billion CFA francs, is designed to finance development projects across the three member countries of the AES bloc.

During the meeting, officials stressed the importance of transparency in governance and effective management structures.

They also called for the ускорated operationalisation of the bank to enable it to begin supporting priority development projects in the Sahel region.