ECB President Christine Lagarde to step down in February 2027

Author: vanguardngr.comPublished on: October 29, 2026Country: Germany
Business & EconomyWorld / International
ECB President Christine Lagarde to step down in February 2027

Christine Lagarde will step down as president of the European Central Bank on February 7, 2027, the institution announced Thursday. She informed the ECB’s Governing Council and European Council President Antonio Costa of her decision. Her departure will come several months before her term is due to end in October 2027.

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AES: Russia Becomes the Confederal Bank’s First International Partner
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AES: Russia Becomes the Confederal Bank’s First International Partner

Russia has become the first international partner of the Alliance of Sahel States’ Confederal Bank for Investment and Development (BCID-AES). In Moscow on October 28, 2026, Burkina Faso’s Prime Minister Rimtalba Jean Emmanuel Ouédraogo attended the signing of a memorandum of understanding between the BCID-AES and Russian state development corporation VEB.RF. The agreement was signed by bank president Balibié Serge Auguste Bayala and VEB.RF vice-president Daniil Algoulian, in the presence of Russian Deputy Prime Minister Alexandre Novak. Established in 2025 by Mali, Burkina Faso and Niger with initial capital of 500 billion CFA francs, the bank finances major confederal projects, including infrastructure, energy, transport and agriculture.

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