As we reflect on the current state of the ECOWAS sub-region, it is clear that despite its vast potential, the region faces significant challenges, particularly in terms of infrastructure deficits. The scarcity of transport networks, electricity, water, and healthcare facilities hinders economic growth and impedes improvements in living standards.

In response to these challenges, the ECOWAS Bank for Investment and Development (EBID) has taken bold steps to stimulate infrastructure development, trade, and sustainable growth in West Africa. During its 89th ordinary session, the EBID Board of Directors approved investments totaling 61 million euros and 100 million US dollars.

Furthermore, EBID has chosen to organize the 2024 edition of the President’s Round Table around the theme “Road-mapping the Infrastructure Development in ECOWAS.” This initiative aims to foster collaborative efforts to address infrastructure challenges and explore concrete solutions to propel the region towards a more prosperous future.

Looking ahead to 2025, EBID will continue to prioritize investments in major infrastructure projects, including transport networks, energy systems, and telecommunications infrastructure. These initiatives will be crucial in promoting regional integration, fostering intra-regional trade and cooperation, and driving economic growth.

To meet the region’s growing financing needs, EBID will also explore and implement innovative financing mechanisms, such as blended finance, green bonds, and public-private partnerships.

As we embark on this transformative journey, we invite you to stay connected and join us in shaping a more integrated and prosperous West Africa.

Anita SOMDA-DALA
Head of Division, Communication and External Relation
[email protected]