The ECOWAS Bank for Investment and Development (EBID) has been awarded an A+ rating in the 12th Peer Review of African DFIs with the Performance Standards for Green and Inclusive Recovery-oriented Services (PSGRS).
This prestigious rating, which is first in the history of EBID, reflects the bank’s commitment to excellence and its dedication to promoting sustainable development in West Africa.
The Association of African Development Finance Institutions (AADFI) Peer Review is a rigorous evaluation process that assesses the performance of African DFIs against the Performance Standards for Green and Inclusive Recovery-oriented Services (PSGRS).
EBID was assessed on key areas such as governance, risk management, financial management, and impact assessment, among others. With an impressive compliance index of 85%, the Bank has demonstrated its strong commitment to meeting the highest standards of performance.
EBID’s A+ rating by the AADFI follows closely the positive assessment of the Bank’s Environmental, Social, and Governance (ESG) Financing Framework by ISS Corporate Solutions, to signal a testament to its strong leadership, efficient operations, and commitment to sustainable development.
The report on the 12th Peer Review Exercise is available at https://adfi-ci.org/report-psgrs-2022.
EBID is a leading regional investment and development bank, owned by the 15 ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.
Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows.
EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.
