The Parliament of the Economic Community of West African States (ECOWAS) gave a favourable opinion on the 2022 consolidated budget of the Community, which amounts to 393,612,400 units of account (UA), on Tuesday 7 December 2021 in Abuja.
The unit of account (UA) is the common currency used by the ECOWAS institutions in their financial operations.
In view of the health situation caused by the persistence of COVID-19, the West African Health Organization (WAHO) is the only Community institution that had its budget increased. This increment is by 37.7 per cent compared to its 2021 budget.
Overall, the 2022 ECOWAS budget recorded a decrease of 1,1%, or UA -4 432 226, compared with the 2021 budget.
This budget aims at having lasting effects in the region and focuses on the activities that are of great interest to the citizens of the Community
Thus, priority is given to programs with large and lasting impacts on the citizens, taking into account the disruptions caused by the COVID-19 pandemic and the security problems bedeviling the region.