The board approves the financing of six projects in the amount of USD 69.6 million during the meeting at the headquarters of the Bank in Lomé. The meeting was chaired by Mr Christian ADOVELANDE, President of EBID, in presence of Directors and management staff of the Bank.

The cities of Beijing and Wuhan respectively hosted the first China – ECOWAS Economic Forum from 23 to 24 and 25 to 26 September 2008. In attendance at this important gathering were:

The Economic Community of the States of West Africa (ECOWAS) is organizing the first ECOWAS-CHINA economic and trade forum of 23 to 26 next September in Beijing in China. Some 450 delegates from ECOWAS are expected in Beijing for the forum. The objective of this meeting is to promote economic relations between China and the subregion.

The Economic Community of West African States (ECOWAS) presented a cheque of FCFA55 million to Togo as support to manage the humanitarian crisis resulting from floods in most of the regions.

ECOWAS Bank for Investment and Development (EBID) granted a loan in the amount of USD13 million, representing about FCFA5.8 billion to Togo for the rehabilitation and extension of the electricity distribution network of the Compagnie d’Energie Electrique du Togo (CEET) [Togo Electricity Company].

The 6th meeting of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID) was held on 30 June 2008 at the Headquarters of the National Assembly in Praia, Republic of Cape Verde.