West African Development Bank (BOAD)
The West African Development Bank (BOAD) Banque Ouest Africaine de Développement operates with a primary focus on solidarity, as delineated in its Articles of Association and General Policy Statement. Its core objectives include promoting balanced development and fostering economic integration among member states of the West African Economic and Monetary Union (WAEMU). BOAD prioritizes initiatives that address natural disadvantages and enhance economic cohesion within the region. Key missions involve mobilizing domestic funds for development, boosting the regional capital market, and attracting external investments. The bank's primary mission is to facilitate economic integration and balanced development across WAEMU countries—Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo—by financing projects across various sectors to promote sustainable economic growth, job creation, and improved living conditions throughout West Africa.
