ECOWAS Bank for Investment and Development

  • Direct (Regional)
Type
Direct (Regional)
Date approved
17 Feb 2025
Size
Medium
ESS Category
Category A, Intermediation 1
Fiduciary standards
Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity), On-lending/blending (Guarantee)
Logo for EBID

Overview

The ECOWAS Bank for Investment and Development (EBID) serves as the financial arm of the Economic Community of West African States (ECOWAS), with a core mandate to promote private sector development, foster economic growth, and serve as an effective instrument for poverty reduction, wealth creation, and job generation across the region. Established by the 15 ECOWAS member states—Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo— EBID’s mission is to help lay the foundations for a strong, industrialized, and prosperous West Africa—one that is economically integrated both regionally and globally.

Given the region’s high vulnerability to climate change, EBID is strengthening its role as a key enabler of green, sustainable, and climate-resilient development in West Africa by enhance its capacity to mobilize climate finance, support climate-smart investments, and facilitate transformational growth that aligns with national and regional climate priorities. Through partnership with GCF, EBID  aims to scale up funding for climate-compatible infrastructure, renewable energy, sustainable agriculture, water resource management, and other critical adaptation and mitigation sectors. 

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