On July 28 July 2020, the ECOWAS Bank for Investment and Development (EBID) and Agence Fran\u00e7aise de D\u00e9veloppement (AFD) signed a land mark line of credit agreement in the amount of fifty million Euros (\u20ac50m), at the headquarters of the Bank in Lom\u00e9, Togo.\u00a0 The AFD was represented by the Deputy Managing Director for Togo, Ms. Mar\u00e9va MATAR while the President of EBID, Dr. George Agyekum Nana DONKOR represented the Bank.<\/p>\n
The purpose of the unprecedented agreement between the AFD and the Bank was to support EBID in the implementation of its strategic plan, finance a sustainable economic transition, promote greater economic and financial integration in the West African sub-region, contribute to achieving the \u00a0ECOWAS Vision 2020 and the \u00a0financing of economic recovery investments in line with the ECOWAS 2030 Agenda relating to sustainable development in \u00a0Member States and business community.\u00a0 The AFD facility is also expected to boost EBID post COVID-19 economic recovery efforts in the private sector.<\/p>\n
Apart from the line of credit, the AFD granted the Bank the amount of four hundred thousand Euros (\u20ac400 000) as technical assistance targeted at capacity building over key activities relating to the implementation of the strategic plan.\u00a0 \u00a0This grant is the second of such support received from the AFD as EBID had received the amount of five hundred thousand Euros (\u20ac500 000) some years ago.<\/p>\n
Within the framework of the new partnership, EBID and the AFD will participate in the Summit of Public Development Banks scheduled for November 10 to 12 2020<\/strong>. The meeting will be organized in partnership with the Paris Peace Forum.\u00a0 This major event is expected to bring together all Public Development Banks (BPD) for the first time. The purpose of the meeting is to provide a key platform enabling the institutions concerned, to work together to unlock their full potential and to maximize investments in line with the multilateral sustainable development agenda.<\/p>\n","protected":false},"excerpt":{"rendered":" On July 28 July 2020, the ECOWAS Bank for Investment and Development (EBID) and Agence Fran\u00e7aise de D\u00e9veloppement (AFD) signed a land mark line of credit agreement in the amount of fifty million Euros (\u20ac50m), at the headquarters of the Bank in Lom\u00e9, Togo.\u00a0 The AFD was represented by the Deputy Managing Director for Togo, […]<\/p>\n","protected":false},"author":1,"featured_media":257181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[60,4],"tags":[88,89,87],"class_list":["post-256748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans-grants","category-news","tag-afd","tag-french-development-agency","tag-technical-assistance"],"jetpack_featured_media_url":"https:\/\/www.bidc-ebid.org\/en\/wp-content\/uploads\/afd_bidc_2.jpg","jetpack_sharing_enabled":false,"_links":{"self":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/256748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/comments?post=256748"}],"version-history":[{"count":3,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/256748\/revisions"}],"predecessor-version":[{"id":258721,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/posts\/256748\/revisions\/258721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/media\/257181"}],"wp:attachment":[{"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/media?parent=256748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/categories?post=256748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bidc-ebid.org\/en\/wp-json\/wp\/v2\/tags?post=256748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}