The outgoing President of the Board of Governors of the ECOWAS Investment and Development Bank (BIDC) highlighted the remarkable performances of carried out by the institution under his direction. A new president installed.

The BIDC recorded a significant increase in profits of 12% in 2023, from 5.04 to 5.67 million Units of Account (UA). The bank has shown impressive resilience in the face of regional economic challenges. In her speech Nialé Kaba indicated that “these positive results demonstrate the financial strength of the Bank and its operational capacity to achieve the objectives of the 2021-2025 strategic plan.” During her term of office, the outgoing president recorded in favor of the institution, an increase of 18.06% in the bank's loan portfolio and a 17.42% growth in disbursements in favor of existing projects.

In addition, Seedy Keita, Minister of Finance and Economic Affairs of The Gambia, has been appointed as the new Chairman of the Board of Governors of the Old Style”, "serif"> BIDC. The meeting provided an opportunity to discuss the progress made and future challenges for a more stable economy in West African countries.