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The President and Chairman of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, was on Friday awarded the prestigious Prix de la Fondation by the Crans Montana Forum at a ceremony in Geneva, Switzerland.
The award was presented to Dr Donkor by His Royal Highness Prince Guillaume Jean Joseph Marie of Luxembourg and Crans Montana Founder and Chairman, Jean Paul Carteron.
The Crans Montana Forum is a world leading international institution dedicated to Public-Private Sector Cooperation.
It has become an elegant meeting place for high level officials and top decision makers from Governments and Business and Prix de la Fondation is awarded in recognition of an accomplished work and serves as a solemn encouragement.
At a cocktail held at the Fairmont Hotel in Geneva ahead of receiving the top award, Dr Donkor highlighted the global economic downturn created by the COVID-19 pandemic and the war in Ukraine.
“The whole world is in economic turmoil as a result of two external shocks, the COVID-19 pandemic and the war in Ukraine. As a result of these challenges, there have been escalating prices of food and energy and economies all over the world are suffering,” the EBID President stated.
Dr Donkor said food and energy prices have gone up tremendously, which has affected the global commodity supply, resulting in price hikes in various jurisdictions, leading to severe economic challenges.
It has become an elegant meeting place for high level officials and top decision makers from Governments and Business and Prix de la Fondation is awarded in recognition of an accomplished work and serves as a solemn encouragement.
The award is an acknowledgement of Dr Donkor’s numerous contributions to the socio-economic development of the sub-region by spearheading strategic economic initiatives for creating jobs and providing dynamic leadership to champion wealth creation for vulnerable population groups.
The ECOWAS Bank for Investment and Development (EBID) is a leading regional investment and development bank, owned by the fifteen (15) ECOWAS Member States.
Based in Lomé, Togo, the Bank is committed to financing developmental projects and programs 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.
Source: myghanadaily
