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 ?
Apart from the indicators provided by these figures, the BOAD now enjoys far greater international credibility.
In regards to their ratings, on 15 May and 11 June respectively, the international agencies Moody's and Fitch had each classified BOAD within the rating category called 'investment'.
Fitch considers BOAD unlikely to be threatened by a possible devaluation of the CFA franc.
BOAD has not yet accessed international capital markets.
The Fitch rating broadly confirms the rating Moody's gave to BOAD on 15 May 2015.
These resources will enable BOAD to finance imports of goods from Arab countries by WAEMU member States.
Equity investment by BOAD in the capital increase of Orabank Cote d'Ivoire, $18.
4 billion) in resources mobilised since its first operation in 1993, BOAD is currently the leading non-sovereign issuer in the regional capital market.
This goal will be achieved by lengthening the term of mortgage loans, currently at 7-8 years on average, to 15 years and beyond, thanks to the action of the regional mortgage refinance company which BOAD has supported since inception, said Christian Adovelande President of BOAD.
During the Forum, a strategic partnership agreement (SPA) was made between UEMOA, BOAD and GFCL to create a company responsible for managing project execution and timelines, and to continue to seek foreign direct investment for future projects in the region.
36 Soldering / Hand No Clean Current Production Samples Bare HASL Boads 3 months later 3.
BOADs president, Christian Adovelande, stated the project will be carried out in an appropriate environment, in line with the authorities ambition to insure the sustainable economic and social development of the country, via the Governments Action Plan (PAG).