West African nations seek voice in global economic crisis

21/12/2008
West African nations seek voice in global economic crisis

A summit of West African countries has called for a regional response to the global financial crisis, saying Africa should not sit on the sidelines as the international community debates the issues.

The 15 member nations of the Economic Community of West African States (ECOWAS) met Friday in Abuja to hammer out a regional strategy for dealing with the ongoing economic shockwaves."Africa should be more involved in ongoing international initiatives to address the challenge as well as international meetings on monetary and development issues," an ECOWAS statement said.

An action plan was presented by the presidents of Ivory Coast, Laurent Gbagbo, and Guinea Bissau, Joao Bernardo Vieira, calling for "massive investments in energy, roads, air transport, maritime transport and railways through private-public partnership."

The ECOWAS countries are seeing a significant slowing of their region's economic growth. Its gross domestic product, up 5.6 percent in 2007, was estimated to grow by 6.1 percent in 2008 before the economic meltdown hit.

Regional growth now is estimated at 5.1 percent this year, and 4.7 percent in 2009.

Concerning the region's proposed economic partnership accord with the European Union, the ECOWAS statement said it urged "the acceleration of the negotiations to ensure the signing of a comprehensive agreement by June 2009."

The summit also elected Nigerian President Umaru Yar'Adua as head of ECOWAS for one year, succeeding Burkina Faso's President Blaise Compaore.

ECOWAS is comprised of the west African states of Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

 

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Akossiwa Claire Ayivon a les jeux dans la peau

Sport

L'athlète togolaise d’aviron, Akossiwa Claire Ayivon (24 ans), promet de faire des étincelles à l’occasion des JO de Tokyo.

Berlin équipe les communes

Coopération

Depuis plusieurs années, l’Allemagne est l’un des principaux partenaires du Togo pour la mise en oeuvre de la politique de décentralisation.

L’internet académique arrive au Togo

Tech & Web

Le réseau d'éducation et de recherche du Togo (TogoRER) a été lancé jeudi.

‘Le port du masque est devenu comme du folklore'

Santé

Comme ailleurs dans le monde, la population semble réfractaire aux mesures barrières et à la distanciation.