Banque Ouest-Africaine de Developpement

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Banque Ouest-Africaine de Developpement

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.
References in periodicals archive ?
This loan reinforces the exemplary cooperation between the two institutions in the technical, operational and financial sectors," said Christian Adovelande, President of WADB.
In his statement during the ceremony, Tim Turner, Director of AfDB s Private Sector Operations, highlighted the importance of AfDB s financial assistance to WADB and stated that granting this facility is motivated by the rapid development of WADB activities, which requires mobilizing additional resources to address growing investment demand from private economic players in its area of intervention.
Christian Adovelande, president of the WADB, thanked the AfDB for this financial assistance and added that this loan reinforces the exemplary cooperation between the two institutions in the technical, operational and financial sectors.
The AfDB and WADB have enjoyed a partnership that spans more than 14 years and includes equity participation, a technical assistance and a line of credit.
The facility provides WADB with medium-to-long-term resources needed to fulfil its mandate to promote economic growth and sustainable development as well as foster regional integration in the West Africa sub-region.