The Speaker of the Economic Community of West African States’ Parliament (ECOWAS Parliament), Memounatou Ibrahima, has raised the alarm over the impacts of global inflation, recession and insecurity on ECOWAS institutions’ funding.
Worried that the financial difficulties currently experienced threaten the execution and realisation of community projects and programs, the Speaker called on ECOWAS member states to scale up their funding to enable the regional body to meet its multifaceted challenges.
Ibrahima, while declaring the meeting of the Parliament’s Joint Committee on Administration, Budget, Finance, Public Account, Macroeconomic Policy, and Economic Research open yesterday in Abidjan, Ivory Coast, said that the limited financial resources were insufficient for the important financing needs of the community.
“As you know, the Community’s budget is supplied at 85 percent by its levy, which…
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