18 June 2014

West Africa: Challenging Ecowas New Ebid Chair


THE 12TH ORDINARY Meeting for the Board of Governors of the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID) ended in Monrovia on Monday with Liberia's Minister of Finance, Amara Konneh, elected as Chairperson.

AT THE OPENING session, Minister Konneh described 2014 as an important year for the Bank in terms of what it has set out to achieve and that this year marks a crucial period of reflection for the Bank as they review progress over the past four years, consistent with their strategic plan from 2010 to 2014.

MINISTER KONNEH ALSO indicated that his institution has set a clear ambitious target based on their agenda and moreover, he is very confident that they will derive the required outcomes to move the Bank forward.

HE SAID THOUGH they have been challenged over the past few years, particularly in addressing capitalization and resource requirements for the Bank, there are still remarkable progress as they continue to sustain the foundation for growth and expansion.

AGAIN, WE HAIL Liberia's Minister of Finance for his new assignment to head the EBID, and further call on him to see this position not just as a title but rather a time to work harder in ensuring that banking sectors and financial systems in the region are buttressed in making significant progress for the wellbeing of the people and the region.

WE BELIEVE THAT this position comes against the backdrop that Mr. Minister was recently recognized as best Finance Minister, an international award that was awarded for the great deal of a public servant. Hence, this latest preferment has imposed an added responsibility on him to work assiduously to live up to expectation.

TO THE MINISTER, we say well done for this preferment which goes with greater responsibilities in helping to keep our financial system working for the general good of the people and also to 'derive the required outcomes' if the banks are to really move forward.

THE MINISTER MUST be aware that whatever is done might bring credit to this country or disappointment. Therefore, Minister Konneh must ensure that he justifies the confidence reposed in him at this time. As it is said, we urge Minister Konneh to always remember that "to whom much is given, much is expected."

West Africa
Scores Rescued From Boko Haram, Says Nigerian Army

Nigeria's army has reported rescuing more than 100 children from militant group Boko Haram. Neighboring Benin has … see more »

Copyright © 2014 The Inquirer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.