Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Germany Allocates €81 Million to ECOWAS for Stability, Economic Development in West Africa

Sat 30 Sep 2023 | 11:22 PM
By Ahmad El-Assasy

The allocation of €81 million by Germany to the Economic Community of West African States (ECOWAS) demonstrates Germany's commitment to promoting stability and economic development in West Africa. The funding was announced by Svenja Schulz, the Minister for Economic Cooperation and Development, during a meeting in Berlin with ECOWAS delegates.

Minister Schulz emphasized the importance of regional solutions to address crises in West Africa, highlighting ECOWAS's role as an active mediator and its proactive efforts to prevent crises from occurring. The region has experienced instability, with military coups occurring in four ECOWAS member countries since 2020, namely Mali, Guinea, Burkina Faso, and Niger.

ECOWAS, established in 1975, aims to overcome economic, political, monetary, and linguistic divisions among its 15 member countries. Its objectives include promoting cooperation, regional trade, and conflict management within West Africa.

Germany's financial support not only provides tangible assistance to ECOWAS but also represents an international collaborative effort to foster stability and economic prosperity in West Africa. The global community will be closely observing how ECOWAS utilizes the German funding to implement projects and strategies that promote economic resurgence and lay the foundation for peace and stability in the region.