The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African countries. Founded on 28 May 1975, with the signing of the Treaty of Lagos, its mission is to promote economic integration across the region.
Considered one of the pillars of the African Economic Community, the organization was founded in order to achieve "collective self-sufficiency" for its member states by creating a single large trading bloc through an economic and trading union. It also serves as a peacekeeping force in the region. The organization operates officially in three co-equal languages—English, French, and Portuguese.
The ECOWAS consists of two institutions to implement policies -- the ECOWAS Commission and the ECOWAS Bank for Investment and Development, formerly known as the Fund for Cooperation until it was renamed in 2001.
A few members of the organization have come and gone over the years. In 1976 Cape Verde joined ECOWAS, and in December 2000 Mauritania withdrew, having announced its intention to do so in December 1999.
Read more about Economic Community Of West African States: Current Members, Transport
Famous quotes containing the words economic, community, west, african and/or states:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (18991961)
“Who ever hears of fat men heading a riot, or herding together in turbulent mobs?Nono, tis your lean, hungry men who are continually worrying society, and setting the whole community by the ears.”
—Washington Irving (17831859)
“Just how difficult it is to write biography can be reckoned by anybody who sits down and considers just how many people know the real truth about his or her love affairs.”
—Rebecca West (18921983)
“The soldier here, as everywhere in Canada, appeared to be put forward, and by his best foot. They were in the proportion of the soldiers to the laborers in an African ant-hill.... On every prominent ledge you could see Englands hands holding the Canadas, and I judged from the redness of her knuckles that she would soon have to let go.”
—Henry David Thoreau (18171862)
“Not only [are] our states ... making peace with each other,... you and I, your Majesty, are making peace here, our own peace, the peace of soldiers and the peace of friends.”
—Yitzhak Rabin (b. 1922)