IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.17% USD/MXN17.52▲ 0.56% USD/CLP932.98▲ 0.86% USD/COP3,264▲ 1.01% USD/PEN3.41▲ 0.68% USD/ARS1,479▲ 0.20% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.17% BRENT 87.64 ▲ 4.05% WTI 81.45 ▲ 3.17% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,021 ▲ 0.88% SILVER 56.29 ▲ 0.70% SOY 1,200 ▲ 0.40% CORN 465.50 ▲ 5.44% WHEAT 676.00 ▲ 0.19% COFFEE 320.95 ▼ 0.11% SUGAR 14.84 ▲ 2.77% ORANGE JUICE 137.65 ▲ 2.88% COTTON 78.93 ▲ 1.60% COCOA 5,582 ▲ 7.02% BEEF 221.75 ▼ 2.35% CATTLE 339.85 ▼ 1.95% LITHIUM 68.71 ▼ 0.22% PETR4 40.77 ▲ 2.21% VALE3 72.93 ▼ 0.07% ITUB4 42.11 ▼ 1.03% BBDC4 18.33 ▼ 0.43% ABEV3 15.66 ▲ 0.38% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.53 ▲ 0.09% PRIO3 57.54 ▲ 1.32% SUZB3 42.22 ▲ 1.25% RENT3 38.33 ▼ 1.36% AZZA3 18.48 ▼ 0.27% CSAN3 3.88 — 0.00% RAIZ4 0.28 ▼ 3.45% PCAR3 2.55 ▼ 1.54% GMAT3 3.87 ▼ 1.28% PSSA3 55.05 ▼ 0.31% CVCB3 1.29 ▼ 4.44% POSI3 3.84 ▼ 1.03% SLCE3 13.53 ▼ 0.59% NATU3 8.59 ▲ 0.35% BRKM5 6.14 ▲ 0.66% RANI3 8.00 ▼ 0.99% CSNA3 5.05 ▼ 0.98% CMIN3 5.28 ▼ 3.12% USIM5 8.13 ▲ 2.91% GGBR4 24.08 ▲ 0.71% ENEV3 26.03 ▲ 0.31% CPFE3 47.28 ▲ 0.19% CMIG4 11.20 ▲ 0.99% EQTL3 39.71 ▼ 0.35% LREN3 13.45 ▼ 1.47% VIVT3 35.69 ▲ 0.62% RAIL3 13.75 ▼ 1.29% KLABIN 17.56 ▲ 1.15% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.76 ▼ 0.31% HAPV3 11.36 ▲ 3.74% FLRY3 16.68 ▲ 1.58% SMTO3 15.54 ▼ 1.15% UGPA3 31.94 ▼ 0.16% VBBR3 34.66 ▲ 0.84% BBSE3 40.99 ▼ 0.46% BPAC11 56.57 ▼ 0.04% CURY3 30.93 ▼ 1.15% AERI3 2.04 ▲ 0.99% VIVARA 23.00 ▼ 1.50% COMPASS 24.88 ▼ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.44 ▼ 1.40% SBSP3 29.40 ▲ 0.34% WALMEX 49.59 ▲ 0.06% GMEXICO 199.87 ▲ 0.32% FEMSA 224.89 ▼ 0.08% CEMEX 22.66 ▼ 0.53% GFNORTE 179.75 ▼ 0.35% BIMBO 58.70 ▲ 1.35% TELEVISA 9.70 ▲ 2.00% AMX 23.15 ▲ 1.62% GAP 386.95 ▼ 1.23% ASUR 278.94 ▼ 0.71% OMA 231.14 ▼ 0.84% KOF 180.50 ▲ 0.86% GRUMA 287.22 ▲ 0.30% KIMBER 38.77 ▼ 0.03% SQM-B 64,748 ▼ 1.97% COPEC 6,177 ▲ 0.83% BSANTANDER 77.04 ▼ 1.43% FALABELLA 5,853 ▲ 0.00% ENELAM 84.04 ▼ 0.90% CENCOSUD 2,003 ▼ 0.10% CMPC 1,075 ▲ 0.10% BANCO CHILE 187.00 ▼ 1.00% LATAM AIR 24.90 ▼ 1.97% YPF 77,325 ▲ 1.64% GGAL 7,800 ▼ 0.83% PAMPA 5,180 ▲ 1.37% TXAR 661.00 ▼ 0.15% ALUAR 938.50 ▼ 0.16% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,538 ▼ 0.56% BYMA 300.50 ▼ 0.33% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 15.93 ▲ 0.82% BANCOLOMBIA 79.83 ▲ 0.45% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 389.42 ▲ 0.51% SOUTHERN COPPER 176.56 ▲ 0.51% BUENAVENTURA 30.28 ▲ 0.35% MERCADOLIBRE 1,818 ▼ 2.10% NUBANK 13.72 ▼ 0.51% XP 16.83 ▲ 0.87% PAGSEGURO 9.11 ▼ 0.49% STONE 11.10 ▼ 0.94% GLOBANT 32.58 ▲ 1.18% TECNOGLASS 45.83 ▼ 2.15% GAP AIRPORT 220.70 ▼ 2.03% ASUR 278.94 ▼ 0.71% OMA AIRPORT 105.63 ▼ 1.47% AMX ADR 26.34 ▲ 0.77% FEMSA ADR 128.40 ▼ 0.85% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.84 ▲ 2.09% VALE ADR 14.24 ▲ 0.11% ITAU ADR 8.22 ▼ 0.96% SANTANDER BR 5.26 ▼ 0.66% AMBEV ADR 3.04 ▼ 0.49% CSN 1.00 ▼ 0.23% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.34 ▲ 0.30% BTC 63,953 ▲ 0.26% ETH 1,849 ▼ 0.76% SOL 75.43 ▲ 0.21% XRP 1.09 ▲ 0.65% BNB 566.53 ▼ 0.99% ADA 0.17 ▲ 3.75% DOGE 0.07 ▲ 0.62% AVAX 6.60 ▲ 1.44% LINK 8.26 ▼ 0.82% DOT 0.86 ▲ 0.49% LTC 45.00 ▲ 0.13% BCH 218.85 ▼ 1.25% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.41% HBAR 0.07 ▼ 0.30% NEAR 1.93 ▼ 1.76% ATOM 1.52 ▲ 1.08% AAVE 91.46 ▲ 0.36% SELIC 14.25% EMBRAER 82.65 ▲ 1.08% EMBRAER ADR 64.74 ▲ 0.57% JBS 11.83 ▼ 1.66% JBS BDR 60.39 ▼ 1.80% MBRF3 15.18 ▼ 0.72% MBRFY 3.00 ▲ 2.39% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR16.52▲ 0.56% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.44▲ 0.03% USD/CNY6.77▼ 0.12% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.61% SPX 7,489 ▼ 0.59% DJI 52,365 ▼ 0.36% NDX 28,797 ▼ 0.79% RUT 2,964 ▼ 0.37% TSX 35,271 ▼ 0.20% VIX 18.06 ▲ 7.95% USD/CAD1.40▼ 0.21% US10Y 4.5450 ▼ 0.53% IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.17% USD/MXN 17.52 ▲ 0.56% USD/CLP 932.98 ▲ 0.86% USD/COP 3,264 ▲ 1.01% USD/PEN 3.41 ▲ 0.68% USD/ARS 1,479 ▲ 0.20% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.17% BRENT 87.64 ▲ 4.05% WTI 81.45 ▲ 3.17% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,021 ▲ 0.88% SILVER 56.29 ▲ 0.70% SOY 1,200 ▲ 0.40% CORN 465.50 ▲ 5.44% WHEAT 676.00 ▲ 0.19% COFFEE 320.95 ▼ 0.11% SUGAR 14.84 ▲ 2.77% ORANGE JUICE 137.65 ▲ 2.88% COTTON 78.93 ▲ 1.60% COCOA 5,582 ▲ 7.02% BEEF 221.75 ▼ 2.35% CATTLE 339.85 ▼ 1.95% LITHIUM 68.71 ▼ 0.22% PETR4 40.77 ▲ 2.21% VALE3 72.93 ▼ 0.07% ITUB4 42.11 ▼ 1.03% BBDC4 18.33 ▼ 0.43% ABEV3 15.66 ▲ 0.38% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.53 ▲ 0.09% PRIO3 57.54 ▲ 1.32% SUZB3 42.22 ▲ 1.25% RENT3 38.33 ▼ 1.36% AZZA3 18.48 ▼ 0.27% CSAN3 3.88 — 0.00% RAIZ4 0.28 ▼ 3.45% PCAR3 2.55 ▼ 1.54% GMAT3 3.87 ▼ 1.28% PSSA3 55.05 ▼ 0.31% CVCB3 1.29 ▼ 4.44% POSI3 3.84 ▼ 1.03% SLCE3 13.53 ▼ 0.59% NATU3 8.59 ▲ 0.35% BRKM5 6.14 ▲ 0.66% RANI3 8.00 ▼ 0.99% CSNA3 5.05 ▼ 0.98% CMIN3 5.28 ▼ 3.12% USIM5 8.13 ▲ 2.91% GGBR4 24.08 ▲ 0.71% ENEV3 26.03 ▲ 0.31% CPFE3 47.28 ▲ 0.19% CMIG4 11.20 ▲ 0.99% EQTL3 39.71 ▼ 0.35% LREN3 13.45 ▼ 1.47% VIVT3 35.69 ▲ 0.62% RAIL3 13.75 ▼ 1.29% KLABIN 17.56 ▲ 1.15% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.76 ▼ 0.31% HAPV3 11.36 ▲ 3.74% FLRY3 16.68 ▲ 1.58% SMTO3 15.54 ▼ 1.15% UGPA3 31.94 ▼ 0.16% VBBR3 34.66 ▲ 0.84% BBSE3 40.99 ▼ 0.46% BPAC11 56.57 ▼ 0.04% CURY3 30.93 ▼ 1.15% AERI3 2.04 ▲ 0.99% VIVARA 23.00 ▼ 1.50% COMPASS 24.88 ▼ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.44 ▼ 1.40% SBSP3 29.40 ▲ 0.34% WALMEX 49.59 ▲ 0.06% GMEXICO 199.87 ▲ 0.32% FEMSA 224.89 ▼ 0.08% CEMEX 22.66 ▼ 0.53% GFNORTE 179.75 ▼ 0.35% BIMBO 58.70 ▲ 1.35% TELEVISA 9.70 ▲ 2.00% AMX 23.15 ▲ 1.62% GAP 386.95 ▼ 1.23% ASUR 278.94 ▼ 0.71% OMA 231.14 ▼ 0.84% KOF 180.50 ▲ 0.86% GRUMA 287.22 ▲ 0.30% KIMBER 38.77 ▼ 0.03% SQM-B 64,748 ▼ 1.97% COPEC 6,177 ▲ 0.83% BSANTANDER 77.04 ▼ 1.43% FALABELLA 5,853 ▲ 0.00% ENELAM 84.04 ▼ 0.90% CENCOSUD 2,003 ▼ 0.10% CMPC 1,075 ▲ 0.10% BANCO CHILE 187.00 ▼ 1.00% LATAM AIR 24.90 ▼ 1.97% YPF 77,325 ▲ 1.64% GGAL 7,800 ▼ 0.83% PAMPA 5,180 ▲ 1.37% TXAR 661.00 ▼ 0.15% ALUAR 938.50 ▼ 0.16% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,538 ▼ 0.56% BYMA 300.50 ▼ 0.33% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 15.93 ▲ 0.82% BANCOLOMBIA 79.83 ▲ 0.45% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 389.42 ▲ 0.51% SOUTHERN COPPER 176.56 ▲ 0.51% BUENAVENTURA 30.28 ▲ 0.35% MERCADOLIBRE 1,818 ▼ 2.10% NUBANK 13.72 ▼ 0.51% XP 16.83 ▲ 0.87% PAGSEGURO 9.11 ▼ 0.49% STONE 11.10 ▼ 0.94% GLOBANT 32.58 ▲ 1.18% TECNOGLASS 45.83 ▼ 2.15% GAP AIRPORT 220.70 ▼ 2.03% ASUR 278.94 ▼ 0.71% OMA AIRPORT 105.63 ▼ 1.47% AMX ADR 26.34 ▲ 0.77% FEMSA ADR 128.40 ▼ 0.85% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.84 ▲ 2.09% VALE ADR 14.24 ▲ 0.11% ITAU ADR 8.22 ▼ 0.96% SANTANDER BR 5.26 ▼ 0.66% AMBEV ADR 3.04 ▼ 0.49% CSN 1.00 ▼ 0.23% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.34 ▲ 0.30% BTC 63,953 ▲ 0.26% ETH 1,849 ▼ 0.76% SOL 75.43 ▲ 0.21% XRP 1.09 ▲ 0.65% BNB 566.53 ▼ 0.99% ADA 0.17 ▲ 3.75% DOGE 0.07 ▲ 0.62% AVAX 6.60 ▲ 1.44% LINK 8.26 ▼ 0.82% DOT 0.86 ▲ 0.49% LTC 45.00 ▲ 0.13% BCH 218.85 ▼ 1.25% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.41% HBAR 0.07 ▼ 0.30% NEAR 1.93 ▼ 1.76% ATOM 1.52 ▲ 1.08% AAVE 91.46 ▲ 0.36% SELIC 14.25% EMBRAER 82.65 ▲ 1.08% EMBRAER ADR 64.74 ▲ 0.57% JBS 11.83 ▼ 1.66% JBS BDR 60.39 ▼ 1.80% MBRF3 15.18 ▼ 0.72% MBRFY 3.00 ▲ 2.39% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.87% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.41 ▲ 0.04% USD/CNY 6.7652 ▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1442 ▼ 0.02% GBP/USD 1.3457 ▼ 0.17% SPX 7,489 ▼ 0.59% DJI 52,365 ▼ 0.36% NDX 28,797 ▼ 0.79% RUT 2,964 ▼ 0.37% TSX 35,271 ▼ 0.20% VIX 18.06 ▲ 7.95% USD/CAD 1.4009 ▼ 0.21% US10Y 4.5450 ▼ 0.53%
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Africa Western Africa

West Africa’s Unity at Risk: The Stance of Burkina Faso, Mali, and Niger

By · February 14, 2024 · 2 min read

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Recent events in West Africa, involving Burkina Faso, Mali, and Niger, signal a significant change in the region’s political and economic framework.

Burkina Faso’s intention to exit the West African Economic and Monetary Union (UEMOA) involves using the euro-pegged CFA franc.

In addition, this move follows the withdrawal of these nations from the Economic Community of West African States (ECOWAS).

Their exits cite ECOWAS’s lack of support in anti-terrorism efforts and objections to “illegal and inhumane” sanctions.

While Mali remains in UEMOA, Burkina Faso’s stance under military leader Ibrahim Traore hints at reassessing their currency union membership.

This debate on UEMOA’s future highlights the wider repercussions of leaving ECOWAS, illustrating the tension between military rule and pressures for democracy restoration.

West Africa's Unity at Risk: The Stance of Burkina Faso, Mali, and Niger
West Africa’s Unity at Risk: The Stance of Burkina Faso, Mali, and Niger. (Photo Internet reproduction)
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Analysts view their departure from ECOWAS as a threat to regional unity and stability. The military government prioritizes security over elections amid insurgencies.

Their potential exit from UEMOA and ECOWAS raises concerns over West Africa’s future stability.

Additionally, stronger military relations with Russia, including Niger’s agreements and the Wagner group’s presence in Mali, indicate a strategic realignment.

This shift, along with leaving regional blocs, marks a critical point for West Africa, likened to a regional ‘Brexit.’

Critics argue these actions could worsen economic and security challenges in these already vulnerable nations.

In essence, the withdrawal of Burkina Faso, Mali, and Niger from ECOWAS and Burkina Faso’s potential UEMOA exit marks a pivotal moment in West Africa’s quest for unity and stability.

These developments highlight the balance between local security, global alliances, sovereignty, and regional cooperation amid calls for democratic governance.

Part of our ongoing coverage

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