Africa-Press – Cape verde. The chairman of the BIDC’s Board of Directors and Minister of Finance of Cape Verde, Olavo Correia, wants this bank to be an instrument to guarantee food security in Africa and prevent Africans from dying of hunger.
Olavo Correia, who presided over the opening of the extraordinary meeting of the ECOWAS Investment and Development Bank (IDB), taking place in the Praia city, argued that it is necessary to create conditions at the bank’s level so that it becomes an important instrument on the African continent and in ECOWAS, and help achieve the six fundamental objectives.
“Firstly, to accelerate economic reforms so that we can guarantee the conditions to face external shocks. Second, we have to manage the food and nutrition crisis and we have to respond to ensure food security in Africa and prevent Africans from dying of hunger,” he said.
Thirdly, he spoke of the conditions to accelerate economic growth, create skilled and well-paid jobs for African and ECOWAS youth, and ensure responses to climate change and the energy transition.
“We want to see the bank present in these agendas, but we also have an obligation to protect, to accelerate it in terms of building a resilient Africa and ECOWAS with increasingly dedicated investment in human capital, so that we can have conditions in terms of health, education and social inclusion and a decent life on the African continent”. He explained.
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