(CNN) -- Mali state television announced late Friday that the leader of Mali's coup, Captain Amadou Sanogo, and the Economic Community of West African States have agreed to a plan under which the coup leaders will hand over power to the civilian government in exchange for the end of trade and diplomatic sanctions.
The statement was read in French over ORTM, the state TV network.
The parties agreed to set up a transition process leading to a presidential election, Sanogo said. A transitional prime minister will lead the transition "to manage the crisis in the north of Mali and to organize free, transparent and democratic elections in accordance with a road map," he said. Read More