It was founded to achieve "collective self-sufficiency" for the member states by means of economic and monetary union creating a single large trading bloc. The very slow progress towards this aim meant that the treaty was revised towards a looser collaboration.
The ECOWAS Secretariat and the Fund for Cooperation, Compensation and Development are its two main institutions to implement policies.
Executive Secretary, 1997 to date (2001): Lansana Kouyate
Member States - Benin, Burkina Faso, Cape Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togolese Republic.
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