West Africa is stepping up efforts to integrate regional economies and improve the investment climate with the support of the World Bank Group. At a mid-June event in Dakar, a regional public-private dialogue framework was launched to jointly identify regional and national investment constraints, facilitate investment-policy improvements, and enhance integration in the region. Preliminary national investment policy reform agendas were developed for each country that are part of the Economic Community of West African States (ECOWAS).
More than 50 representatives participated in the two-day event from the public and private sectors of the 15 ECOWAS countries, including ministers from Senegal, Niger and Liberia. The member countries strongly welcomed the initiative. It was hosted by ECOWAS and the West African Economic and Monetary Union.
Kalilou Traore, the ECOWAS Commissioner for Industry and Private Sector Promotion, said, “This project will enable our region’s integration into the global economy while ensuring the competitiveness of our private sector by improving the business climate.”