A bank that provides loans to promote economic development among member states. Members include Benin, Burkina Faso, Cote d'Ivoire, Mali, Niger, Senegal and Togo. It was founded in 1973 and began operations in 1976. It is based in Lome, Togo.
In a recent interview Tshiani said: "The financial package was approved to the Banque Ouest-Africaine de Developpement (BOAD), the regional development bank that is owned by the member states, the Central Bank of the West African States (BCEAO), the African Development Bank, France, Belgium, Germany and the European Investment Bank.