ECOWAS Bank for Investment and Development, EBID, has disbursed over 2.5 Billion dollars for different projects in the region.
President of the bank, Dr GEORGE DONKOR disclosed this on Thursday at an interactive session with members of the ECOWAS Parliament during its ongoing 2025 First Ordinary Session in Abuja.
Represented by the Director of Research and Strategic Planning, MACDONALD SAYE GOANUE, the Head of the regional investment bank said EBID has financed over 300 projects across the West African region.
He said “in 2024 alone, the Bank approved 10 new projects worth 439.74 million dollars and appraised 21 additional projects.
Key flagship initiatives of the Bank include the interconnection of electricity networks between Mali and Côte d’Ivoire, solar electricity of 750 community facilities in Benin, and the construction of a vital bridge linking AIBD to Blaise Diagne Airport in Senegal.
GOANUE emphasized ECOWAS Bank for Investment and Development’s role in boosting micro, small and medium scale enterprises, MSMEs financing, supporting public-private partnerships, especially in agro-processing and manufacturing.
He concluded that the partnership between EBID and the Ecowas Parliament is essential to realizing a stable, prosperous and integrated sub-region.
Parliamentarians took turns to commend the Bank for its significant contribution to regional development. They also sought clarification on specific project implementations, and sustainability strategies, as well as offer constructive recommendations aimed at improving transparency, strengthening monitoring mechanisms, and ensuring that development financing is more inclusive.
