Banque Ouest-Africaine de Developpement

(redirected from West African Development Bank)
Also found in: Acronyms.

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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References in periodicals archive ?
The West African Development Bank (WADB) has granted a 5-billion-CFA francs (US$10.6 million) loan for part financing of a project to provide access to credit by the poor, PANA learnt here Friday.
Funding had been agreed for it, but the worsening political situation in the country following the 2000 presidential election and the ensuing civil war meant that it remained on hold until August last year, when a funding deal was eventually agreed between a group of development finance bodies including the African Development Bank, Ecowas Bank for Investment and Development, the Dutch Development Bank and the West African Development Bank.
Mr Michel meets Mr Boni Yayi, president of the West African Development Bank. Mr Michel meets Mr Ibrahim Fall, special envoy of the UN Secretary General for the area of the large Lakes.
The West African Development Bank (BOAD) plans to raise up to $500m from the international financial markets to boost regional economic and monetary integration, the Bank's president, Christian Adovelande, said.
As part of the implementation of its annual bond issue programme, the West African Development Bank (BOAD) is launching a bond loan issue of XOF 40 billion ($76 million) through a public offering from 1 to 19 December 2014.
The West African Development Bank (WADB) is considering raising 800 billion CFAF for Benin to finance several projects meant to promote the competitiveness of the country's economy, official sources told PANA in Cotonou on Thursday.
* Three finance contracts, totalling Euro 54.6 million, signed with the West African Development Bank (BOAD) in Dakar.
Air Afrique is jointly owned by 11 African states, the US freight handler DHL and the West African Development Bank (BOAD), as well as a bevy of smaller shareholders.
* The West African Development Bank (BOAD) launched a bond loan issue of FCFA40bn ($71.3m) as part of its annual programme.
In attendance were also the following sub regional financial institutions: Africa Finance Corporation, Bank of Central African States, West African Development Bank , ECOWAS Bank for Investment and Development, Development Bank of Southern Africa, Eastern and Southern African Trade and Development Bank
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