At the Joint Finance Forum held in Cape Town, the ECOWAS Investment and Development Bank (BIDC) and the European Investment Bank (EIB) signed on Friday 28 February 2025 a credit line of 100 million euros.

The funds will be used to finance projects in areas such as irrigation, access to water, health, health, education, education, fertilizers and energy. This credit line is the first loan transaction between the BIDC and the EIB. According to Mory Soumahoro, Vice President of the BIDC in charge of Risks and Control, the financing line set up by the EIB in favor of the BIDC should be used in part to support the development of private companies and sensitive sectors, in particular green

For his part, Ambroise Fayolle, Vice President of the EIB indicated that “this financing will contribute to key sectors such as energy, water, education and health”. This agreement is part of the European Fund for Sustainable Development Plus (EFSD+), a financing mechanism that allows the EIB to offer loans on competitive terms to