MetroBusinessNews

EBID Invests $397 Mn In CÔTE D’IVOIRE   

 The ECOWAS Bank for Investment and Development (EBID) has so far invested an amount  of  USD  397 million  in  critical  sectors  of  the  Côte  d’Ivoire  economy.  This figure is expected to increase significantly following the implementation of additional pipeline projects which have gone through the Bank’s approval matrix.

 This was disclosed by the President and Chairman of the Board of Directors of EBID, Dr George Agyekum Donkor, during his 4-day visit to Côte d’Ivoire from February 15 to 19, 2022.
According to a release by Angelo adadzie of communication and external relations unit of the bank, the visit which was essentially to engage the Ivorian Government for  support  in  charting  a  development  roadmap  for  the  sub-region  as  a  key shareholder,  also  included  discussions  on  avenues  for  the  Bank  to  scale  up developmental efforts in the country.
  During the visit, the President of EBID held high-level discussions with the Ivorian Prime Minister, His Excellency, Patrick Jérôme Achi.
Prior  to the meeting  with the Prime Minister, Dr Donkor had held consultative sessions with the Minister of Planning and Budget, Madam Niale  Kaba  and  later paid  a  courtesy  call on  the
Secretary  General  of  the  Presidency  of  the  Republic  of  Côte  d’Ivoire,  Mr. Abdourahmanne  Cissé.
The  discussions  centred  on  the  deepening  institutional reforms,  governance,  and  the  positioning  of  the  Bank  to  transform  ECOWAS communities through focused funding of impactful projects. The government representatives welcomed the visit of the President of EBID as a key  step  in  the  financing  of  priority  projects  as  enumerated  in  the  National Development  Plan  of  Côte  d’Ivoire,  which  focuses  on  industrial  development, digitisation, and human capital development.
***  ABOUT EBID
ECOWAS  Bank  for  Investment  and  Development  (EBID)  is  a  leading  regional investment  and  development  bank,  owned  by  the  fifteen  (15)  ECOWAS  Member States,  namely,  Benin,  Burkina  Faso,  Cape  Verde,  Côte  d’Ivoire,  The  Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programs covering diverse initiatives from infrastructure and  basic  amenities,  rural  development  and  environment,  industry,  and  social services  sectors,  through  its  private  and  public  sector  windows.  EBID  intervenes through  long,  medium,  and  short-term  loans,  equity  participation,  lines  of  credit, refinancing, financial engineering operations and related services.
Exit mobile version