Beninese Minister of Economy and Finance, Romuald Wadagni, has been appointed to the presidency of the board of governors of the ECOWAS Investment and Development Bank (EBID).

The decision taken on April 23, on the sidelines of the institution’s 19 th Ordinary General Assembly, comes at a time when EBID is on its way to institutional and organizational reforms.

The institution chaired since early 2020 by the Ghanaian George Agyekum Nana Donkor intends to increase its capacity to mobilize resources, an area in which the Beninese minister has particularly distinguished himself in recent years.

The ECOWAS Investment and Development Bank (EBID) is the financial arm of the eponymous zone. To date, EBID has approved the financing of two hundred and ninety-eight (298) projects for an amount of two billion and seventy million units of account (UA 2.07 billion), or approximately two billion eight hundred and eighty-four million dollars ($ 2.84 billion).