The World Bank approved on July 28, 2020, the amount of US $ 300 million for Development Policy Financing to six (6) African member countries of ECOWAS (Burkina Faso, Côte d'Ivoire, Guinea, Liberia, Mali and Sierra Leone). The objective of this operation, which is in line with the implementation of the ECOWAS Directive on the Securitization of Cross-border Electricity Trade, is to:
- Strengthen the securitization of cross-border trade within the framework of the ECOWAS Regional Electricity Market;
- Support the implementation of investment plans at lower cost considering regional options;
- Strengthen the financial solvency of power utilities.
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