EBID President Visits Cabo Verde

EBID President Visits Cabo Verde
Left: Dr George Agyekum Donkor. Right: His Excellency President José Maria Neves.

The President of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, led a delegation of the Bank on a working visit to Cabo Verde from May 6 to May 10, 2022.  He was received at the Presidency by His Excellency the President of the Republic of Cabo Verde, Mr. Jose Maria Neves and the Vice Prime Minister and Minister for  Finance, Business Development and Digital Economy, Dr. Olavo Avelino Garcia Correia who is the current Chairman of the Board of Governors of EBID.

Dr. Donkor acknowledged the harsh effect of the COVID-19 pandemic on  tourism and the Cape Verdean economy while  praising the country for rebounding to a growth of 6.9% in 2021 after a Negative GDP growth of 14.8% in 2020. He also stated  that EBID looks forward to collaborating with Cabo Verde within the framework of its Ambition 2030 Strategic Sustainable Development Plan with a particular focus on strategic priorities including: sustainable development of human capital  by improvement of healthcare systems as well as education; sustainable management of natural resources while advancing agribusiness and promoting sustainable fishing practices and; economic transformation with a focus on youth employment, entrepreneurship, and industry. The President of EBID concluded by saying that these strategic priorities are aligned with the key sectors of the Bank’s 2021-2025 Strategic Plan and its mandate to foster economic growth in the subregion.

In response, President Neves, commended EBID for its service to the Community and pledged the continuing support of the Government and people of Cabo Verde to the Bank.  During the visit, the President of EBID also met with the Prime Minister of Cabo Verde, H.E. José Ulisses de Pina Correia e Silva for discussions on potential partnerships in the country.

The delegation also visited the Honourable Minister of Industry, Commerce and Energy, Mr. Alexandre Monteiro, the Secretary of State for Finance, Mr. Alcino Mota, the Secretary of State for Business Development, Mr. Adalgisa Vaz, and the Governor of the Bank of Cape Verde, Mr. Óscar Santos. In addition, the delegation met with various government officials and private sector partners including the National Planning Director and Chambers of Commerce to discuss investment opportunities.

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