The ECOWAS Bank for Investment and Development (EBID) has so far committed a total of XOF 294 billion (equivalent of about USD450 million) into the economy of the Republic of Côte D’Ivoire to finance projects in various areas such as infrastructure, health, industry, and agriculture. The President of EBID, Dr. George Agyekum Donkor, disclosed this at a signing ceremony for two loan agreements totaling XOF 67.128 billion in Abidjan on August 30, 2022.
During the ceremony, the President of EBID expressed that the two loans are for
financing of a project to upgrade operating theatres, neonatal units and
imaging services in referral hospitals and to fund the industrial component of
the agro-industrial pole project in the north region of the country (2PAI-NORD).
He also added that these facilities reaffirmed EBID’s commitment to support the
Republic of Cote D'Ivoire in the implementation of its National Development
Plan 2021-2025.
The President of EBID conveyed his heartfelt gratitude to the President of the
Republic, His Excellency Alassane Ouattara, and his government, for their
cooperation and continuous support to the realization of EBIDs strategic goals
intended to foster advancement for the ECOWAS states. Quoting relevant
macroeconomic figures, he commended the Government of Cote D’Ivoire for putting
pragmatic policies in place to ensure prosperity for the people of Cote
d’Ivoire despite the global economic downturn triggered by COVID-19 and the
Russia-Ukraine crisis.
The Minister for Economy and Finance, Honorable Adama Coulibaly, who signed on
behalf of the Government of Cote D’Ivoire indicated that the two projects aimed
at enhancing the quality of mother-child health care services and improving
food and nutritional security. He stated that the agro-industrial project would
have the twofold impact of reducing the country’s dependence on food imports
while increasing exports of processed agricultural products to generate
revenue. He applauded such interventions from EBID which would accelerate and
strengthen subregional integration for a stronger ECOWAS to the benefit of its
population.
Alongside the loan signing agreement, the EBID delegation paid a courtesy call
on the Minister for Planning and Development for Cote D’Ivoire, Mrs. Niale
Kaba, who is also a Governor of the Bank. At the meeting, issues relating the
operations of EBID, its recent achievements and challenges were discussed.
While commending the leadership for the performance of the Bank, the Minister
encouraged EBID to do more to help the subregion.
Source:
Peacefmonline.com/Ghana