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Ivorian economist Brou nominated West Africa central bank governor -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Jean Claude Kassi Brou, ECOWAS Fee president, delivers the ultimate communique of the extraordinary summit of ECOWAS to listen to stories from current missions to Mali, Burkina Faso and Guinea following army coups in these international locations, in Accr

ABIDJAN (Reuters) – Ivorian economist Jean-Claude Brou, president of West Africa’s predominant political bloc, has been nominated by Ivory Coast President Alassane Ouattara to be governor of the regional central financial institution, a supply aware of the matter stated.

Brou has served as president of the Financial Neighborhood of West African States (ECOWAS) fee since 2018.

The supply stated the opposite members of the financial institution are anticipated to formally validate his nomination to succeed one other Ivorian, Tiemoko Kone, as governor of the Central Financial institution of West African States (BCEAO), which represents eight regional international locations that use the CFA franc foreign money.

Kone was appointed Ivory Coast’s vice chairman in April, leaving Ouattara the prerogative to call his successor, a senior regional supply advised Reuters.

A financial institution spokesperson was not instantly out there for remark.

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