EBID President’s Working Visit to Burkina Faso

EBID President’s Working Visit to Burkina Faso
Right: The President of EBID, Dr. George Agyekum Donkor. Left: The Minister for Finance, Economy and Development of Burkina Faso, Mr. Lassane KABORE

As part of his working tour of ECOWAS Member States as part of  enhancing EBID’s resource mobilization initiatives in the region and also promoting the Bank’s activities after assumption of duty on February 3, 2020, the President of EBID, Dr. George Agyekum Donkor paid a working visit to Burkina Faso from Tuesday, October 13 to Saturday October 17.

Dr. Donkor was received in audience on 14 October, by the President of the of Burkina Faso, His Excellency, Roch Marc Kaboré, at the State House, Kossyam, in Ouagadougou  in the company of the Minister of State for Budget, Mrs. Edith Clémence Yaka.  President Kaboré congratulated Dr. Donkor on his appointment as President of EBID and pledged his personal support and that of his country to the President of EBID during his tenure.

Responding to President Kaboré’s remarks, Dr. Donkor expressed his deepest appreciation to him for Burkina Faso’s strong support to EBID pointing out that the country had fully paid its capital subscription.  Dr. Donkor disclosed that EBID had invested about One Hundred and Ninety-Six Million United States Dollars (US$196 million) in the private and public sectors of the country’s economy in areas  such as education, energy, financial services, industry, infrastructure, rural development, among others.

Dr. Donkor during his visit also signed a loan agreement with Burkina Faso. The agreement which was in the sum of Nine Million and Four hundred thousand United States Dollars (US$ 9.4 million) for the construction of twenty-seven (27) portable water supply system in the “Boucle du Mouhoun” and “Hauts Bassins” regions. This project is part and parcel of the 2016 – 2020 National Economic and Social Development Plan of Burkina Faso and resonates with EBID priority areas.

The Minister for Finance, Economy and Development, Honourable Lassane KABORE, signed the loan agreement on behalf of Burkina Faso. The ceremony was witnessed by the Minister of State for Budget, Mrs. Edith Clémence Yaka, the Minister of Infrastructure, Mr. Eric Bougouma, and the Minister for Water Resources and Sanitation, Mr. Ambroise Ouédraogo.

During the working visit to Burkina Faso, the President of EBID also held discussions on other areas of cooperation with Ministers of Trade, Mr. Harouna Kaboré, and with the Minister of Energy, Mr. Bachir Ouédraoago.

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