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Banque Ouest-Africaine de Developpement
(redirected from West African Development Bank)

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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.
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In March 2006 the Beninese finally brought the Kerekou era to a close by electing as President a man who has never been involved in formal politics--Thomas Boni Yayi, an economist and for 12 years the head of the West African Development Bank.
Benin by Boko, Michee / New Internationalist
 
 
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