West African Development Bank (BOAD)
Last updated on 07 Mar 2024
Key facts
La Banque Ouest Africaine de Développement (BOAD)-or, the West African Development Bank-is the regional development finance institution of the member countries of the West African Economic and Monetary Union (WAEMU).
PUBLIC
1973
Credit rating (Fitch)
BBB
Foreign currency
Authorizations
2022 authorizations top sectors
Food security
28%
Transport/ICT
28%
Energy
21%
Health and education
11%
Finance and insurance
9%
2022 authorizations
Products
- Medium- and long-term loans
- Acquisition of equity in companies or national financial institutions
- Equity investment in the share capital of companies or national financial institutions
- Financing of short-term operations
- Financing of project feasibility or engineering studies
- Assistance to SMEs through credit or refinancing facilities to national financial institutions
- Easing of credit conditions through interest allowance for projects falling within the non-commercial sector
- Assistance in project preparation, promotion, and implementation
- Guarantees of bond loans
- Financing arrangements for projects
- Financial advisory services
Policies
- BOAD support eligibility:
- WAEMU member countries
- Member country communities and government institutions
- Agencies, businesses, and private individuals contributing to the economic development or integration of member countries
- Any natural or legal person from WAEMU or foreign country desirous of investing in the WAEMU region in operations falling under the fields of intervention of BOAD
- Areas of expertise:
- Infrastructure and the digital economy
- Energy and natural resources
- Agriculture and food safety
- Health and education
- Real estate and social housing
- Environment and climate finance
News
- 2023: BOAD takes out an insurance policy for partial coverage of its loan portfolio
- 2023: BOAD re-accredited to the Green Climate Fund, with an increase in its level of re-accreditation
