West African Development Bank

Established in 1973, the West African Development Bank (BOAD) is the common development finance institution of the member countries of the West African Economic and Monetary Union (WAEMU). Its primary mission is to promote balanced development and foster economic integration within West Africa by financing priority development projects. BOAD provides financial services to governments, public and private companies, and organizations, supporting sectors such as agriculture, energy, infrastructure, real estate, education, and health. The bank is headquartered in Lomé, Togo, and operates across its eight member countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

BOAD's investment strategy focuses on sectors critical to the region's sustainable development, including agriculture, energy, infrastructure, and social services. The bank offers a range of financial products, including long- and medium-term loans, equity participation, lines of credit, and refinancing services. It actively participates in initiatives aimed at eradicating hunger and poverty, such as its membership in the Global Alliance Against Hunger and Poverty, which seeks to support low-income countries in achieving Sustainable Development Goals 1 and 2. Additionally, BOAD has been accredited as an Implementing Partner of the Multilateral Cooperation Center for Development Finance (MCDF) Finance Facility, enabling it to support cross-border connectivity infrastructure projects.

With over 50 years of experience, BOAD plays a pivotal role in mobilizing resources for strategic investments, fostering innovation, and implementing economic policies conducive to development. The bank's commitment to sustainable economic growth, job creation, and improved living conditions for the people of West Africa underscores its dedication to the region's long-term prosperity and integration. Its recent initiatives, such as the issuance of a $500 million sustainable hybrid bond, demonstrate its innovative approach to financing development projects and its capacity to attract significant international investment.