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With Countries in Economic Community of West African States - ECOWAS The
Economic Community of West African States (ECOWAS) is a
regional group initially of sixteen countries,
founded on May 28, 1975 when sixteen West African countries signed the
Treaty of Lagos. Its mission is to promote economic integration. In 2000
Mauritania withdrew its membership from
ECOWAS. It
was founded to achieve "collective self-sufficiency" for the
member states by means of economic and monetary union creating a single
large trading bloc. The very slow progress towards this aim meant that
the treaty was revised in Cotonou on 24 July 1993 towards a looser
collaboration. The ECOWAS Secretariat and the Fund for Cooperation,
Compensation and Development are its two main institutions to implement
policies. The ECOWAS Fund was transformed into the ECOWAS Bank for
Investment and Development in 2001 ECOWAS
is one of the pillars of the African Economic Community. Member
states of ECOWAS are Benin,
Burkina Faso,
Cape Verde, Côte d'Ivoire,
The Gambia, Ghana,
Guinea, Guinea
Bissau, Liberia, Mali,
Niger, Nigeria,
Senegal, Sierra
Leone, and Togo.
The current Executive Secretary is Dr. Mohamed Ibn Chambas. The current
chairman is President Mamadou Tandja of Niger.
By
the
Courtesy of Wikipedia |
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