Certainly. The ECOWAS Bank for Investment and Development is the Development Finance Institution of the Economic Community of West African States ECOWAS, which consists of 15 Member States.
Initially created as the ECOWAS Fund in 1975, the institution was restructured in 1999 into the EBID Group and subsequently consolidated in 2006 into a unified entity with two windows - one dedicated to public sector financing, the other to private sector development.
Operating from its headquarters in Lom, Togo, EBID's central mandate is to catalyse integration, sustainable development, and resilience across the sub-region through targeted financing in both public and private spheres.
What are the Bank's core functions in this broader regional development context?EBID's core mandate is to enable inclusive, sustainable, and resilient economic growth through strategic investments. The Bank finances infrastructure that supports regional integration, backs both public and private sector development, and funds special programmes that align with the ECOWAS agenda.
This includes granting loans, issuing guarantees, and offering technical assistance for development projects. The Bank also mobilises financing from within and outside the subregion and works in collaboration with international development institutions. EBID's vision is to emerge as West Africa's premier regional development and investment bank - driving industrialisation, job creation, and economic well-being.