Table of Contents
THE HIGH CONTRACTING PARTIES 3
ARTICLE 1 3
New Article 1 3
New Article 3, paragraph 2(n) 4
New Article 6 paragraph 1 (g) 4
New Article 21 4
ARTICLE 2 4
ARTICLE 3 5
ENTRY INTO FORCE, RATIFICATION AND DEPOSITORY AUTHORITY 5
SUPPLEMENTARY PROTOCOL A/SP1/12/01
AMENDING ARTICLES 1, 3, 6 AND 21 OF THE REVISED TREATY OF THE ECONOMIC COMMUNITY OF WEST AFRICAN STATES
THE HIGH CONTRACTING PARTIES,
MINDFUL of Articles 7, 8 and 9 of the Treaty establishing the Authority of Heads of State and Government and defining its composition and functions;
MINDFUL of Article 21 paragraphs 1 and 2 of the Treaty establishing the Fund for Cooperation, Compensation and Development;
MINDFUL of Article 1 of the Treaty defining the Fund for Cooperation, Compensation and Development;
MINDFUL of Article 3 paragraph 2(n) defining the establishment of a Fund for Cooperation, Compensation and Development as a stage to achieving the aims of the Community;
MINDFUL of Article 6 paragraph 1 (g) of the Treaty listing the Fund for Cooperation, Compensation and Development as one of the Institutions of the Community;
MINDFUL of Decision A/DEC.4/12/99 relating to the transformation of the ECOWAS Fund into a holding company with two subsidiaries;
DESIRING to conclude a Supplementary Protocol amending Articles 1, 3, 6 and 21 of the Treaty to reflect the transformation of the ECOWAS Fund into a holding company called the ECOWAS Bank for Investment and Development with two subsidiaries;
HAVE AGREED AS FOLLOWS:
ARTICLE 1
References to "Fund" and "Statutory Appointees" in Article 1, Article 3, paragraph 2(n), Article 6, paragraph 1 (g) and Article 21 of the Treaty signed in Cotonou on 24 July 1993 are hereby abrogated and replaced with the following new provisions:
New Article 1
"Bank" shall mean the ECOWAS Bank for Investment and Development established by Article 21 of this Treaty;
"Statutory Appointees" includes the Executive Secretary, Deputy Executive Secretaries, President of the ECOWAS Bank for Investment and Development (EBID), Managing Director of ECOWAS Regional Investment Bank (ERIB), Managing Director of ECOWAS Regional Development Fund (ERDF) and any other senior officer of the Community designated as such by the Authority.
New Article 3, paragraph 2(n)
"The establishment of the ECOWAS Bank for Investment and Development (EBID) and its subsidiaries, the ECOWAS Regional Investment Bank (ERIB) and the ECOWAS Regional Development Fund (ERDF)"
New Article 6 paragraph 1 (g)
"ECOWAS Bank for Investment and Development (EBID) and its subsidiaries: - ECOWAS Regional Investment Bank (ERIB); - ECOWAS Regional Development Fund (ERDF)".
New Article 21
"1 There is hereby established a Holding Company called ECOWAS Bank for Investment and Development (EBID). It shall have two subsidiaries, namely, ECOWAS Regional Investment Bank (ERIB) and ECOWAS Regional Development Fund (ERDF).
2 The status, objectives and functions of the ECOWAS Bank for Investment and Development are defined in the Protocol relating thereto".
3 The status, objectives and functions of the two subsidiaries are defined in their respective Articles of Association".
ARTICLE 2