WAEMU: BOAD approves nine new financings

Finance
Wednesday, 27 March 2024 14:56
WAEMU: BOAD approves nine new financings

(Togo First) - The West African Development Bank (BOAD) recently announced it has approved new financial commitments totaling CFA169.483 billion. The Bank approved the facilities during its 141st board of directors meeting in Dakar.  

The financings include a CFA5 billion refinancing line for African Lease Togo. These financings are primarily distributed across the financial sector but also in infrastructure and agro-industry. Additionally, investments have been made in real estate and road infrastructure projects in several countries within the West African Economic and Monetary Union (WAEMU).

These new commitments are part of BOAD's “Djoliba” development plan. The latter aims to support sustainable growth across the Bank’s member countries.

The BOAD was created by an agreement signed on November 14, 1973. However, it started operating in 1976, supporting all eight members of the West African Economic and Monetary Union (WAEMU). 

Ayi Renaud Dossavi

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