West African Development Bank (BOAD), a key player in infrastructure financing in the West African Economic and Monetary Union (UEMOA)
In sectors such as road, port and air transport, energy, telecommunications and tourism, the West African Development Bank (BOAD) works alongside public and private players in the UEMOA to provide a sustainable source of funding for investments in modern infrastructure. Armed with over 40 years of technical and financial expertise, BOAD has placed infrastructure development at the heart of its mission. The Bank remains the main funding partner in this sector for member countries. In Côte d’ivoire, it has funded major integration projects such as the expansion of the Azito and CIPREL power plants, the construction of the Henri Konan Bedie Bridge and the Giscard d’estaing interchange, as well as the extension of the Félix Houphouët Boigny Airport in Abidjan. The bank has also funded the construction of the Tobene Power Plant in Senegal, and the expansion of autonomous ports in various cities including Abidjan, Bissau, Cotonou, Dakar, San Pedro and Lomé. In support of a feasibility study undertaken for the hospitality industry, BOAD has also funded several projects in the tourism industry. Among them are the construction, expansion and renovation of hotels in the Azalaï Hotels Group and the Radisson BLU Hotel 2 Février in Togo. BOAD goes a step further to provide assistance to its clients throughout the entire funding process. In addition to this, BOAD also participates actively in the setting up of investment-driven community programmes in the UEMOA, focusing mainly on the energy sector and road infrastructure. With direct lending, funding arrangement and financial advice, the Bank offers a wide range of products appropriate to client and partner funding needs. It also provides tailored assistance to meet each client’s specific needs.
ABOUT THE BOAD
Established in 1973, the West African Development Bank is a joint bank serving eight member countries in the West African Economic and Monetary Union (UEMOA). Its principal tasks are to promote the integration and balanced development of its member states in the West Africa region. Deeply involved in development issues, the Bank works in partnership with other regional institutions to achieve regional integration and it endeavours to strengthen the synergy of actions between itself and these institutions. In 2015, the international agencies Moody’s and Fitch assigned BOAD the issuer ratings of Baa1 and BBB respectively, with a stable outlook. The two agencies affirmed their ratings in 2016, enabling the institution to leverage resources from international capital markets in order to make its funding more and more competitive.
Valéry Giscard d’estaing interchange funded by BOAD.