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Economy: the ECOWAS bank will open its very first country office in Côte d'Ivoire in the coming days

16/05/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The ECOWAS Investment and Development Bank (BIDC) has signed an agreement with the Government of the Republic of Côte d'Ivoire to open its very first country office. This partnership is part of the bank's efforts to strengthen its commitment to the ECOWAS sub-region and to continue its support for socio-economic development

.

The agreement was signed during a ceremony in Abidjan during a ceremony in Abidjan, Côte d'Ivoire, with the Ivorian government represented by His Excellency Mr. Léon Kacou Adom, Minister of Foreign Affairs, African Integration and Ivorians from outside, and the Bank represented by Dr. George Agyekum Donkor, President of the BIDC and its Board of Directors. The ceremony was also honored by the presence of the Minister of Economy, Planning and Development, Minister of Economy, Planning and Development, Governor of the BIDC for Côte d'Ivoire, Her Excellency

Mrs. Nialé Kaba.

On the occasion, the President of the BIDC expressed his gratitude to the Ivorian government, which remains a key partner of the financial institution, according to him. He said that “the country office will play a key role in implementing the Bank's strategic plan, making it more accessible to current customers and potential partners in Côte d'Ivoire and neighbouring Member States, while facilitating the conduct of high-impact interventions.”

For George Agyekum Donkor, the opening of this representative office of the BIDC in Abidjan once again testifies to the strategic importance of Côte d'Ivoire for the subregion. According to information, the BIDC's commitments at the country level amount to approximately 567CFA milliards de F ( style="font-family: "Bookman Old Style”, serif">é). quivalant to millions 940 Usd) to date, both for the private sector style="font-family: "Bookman Old Style”, serif"> only for the public sector. Through this agreement, Côte d'Ivoire is called upon to be the first member state of the Economic Community of West African States (ECOWAS) to host a representative office of the BIDC. This office also includes Liberia, Sierra Leone, Sierra Leone, Gambia, Guinea-Bissau and Senegal. A choice justified by the Ivorian economic performance, ranked BB (S&P) and Ba2 (Moody's style="font-family: "Bookman

Old Style”, serif">), the best rating in the region.
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