Economic Community of West African States, ECOWAS, and World Bank, has launched the ECOWAS Investment climate scorecard which aims at unlocking investment opportunities and deepening regional integration in West Africa.
Speaking yesterday at an event co-hosted by both bodies, ECOWAS Commissioner for Industry and Private Sector Promotion, Kalilou Traore, explained that the investment climate scorecard is an instrument that would enable ECOWAS and national policymakers of the member states to identify investment barriers both nationally and regionally, track the progress of national investment climate and investment policy reforms, as well as encourage the creation of a transparent and attractive investment climate to enhance private sector-led development in West Africa.
Traore highlighted during the event that ECOWAS was committed to implementing programmes that facilitate regional integration as well as improve business environment for private sector operators and the people of West Africa.
According to Ambassador Michel Arrion, Head of the EU Delegation to Nigeria and ECOWAS, the fact that the European Union is financing this project is testimony of the Commission’s commitment to improving regional private sector competitiveness through the facilitation of trade and investment.
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