In support of a feasibility study undertaken for the
hospitality industry, BOAD has also funded several projects
in the tourism industry. Among them are the construction,
expansion and renovation of hotels in the Azalaï Hotels
Group and the Radisson BLU Hotel 2 Février in Togo. BOAD
goes a step further to provide assistance to its clients
throughout the entire funding process.
In addition to this, BOAD also participates actively in the
setting up of investment-driven community programmes in
the UEMOA, focusing mainly on the energy sector and road
infrastructure. With direct lending, funding arrangement
and financial advice, the Bank offers a wide range of
products appropriate to client and partner funding needs.
It also provides tailored assistance to meet each client’s
specifc needs.ABOUT THE BOAD
Established in 1973, the West African Development
Bank is a joint bank serving eight member countries in the
West African Economic and Monetary Union (UEMOA). Its
principal tasks are to promote the integration and balanced
development of its member states in the West Africa region.
Deeply involved in development issues, the Bank works
in partnership with other regional institutions to achieve
regional integration and it endeavours to strengthen the
synergy of actions between itself and these institutions. In
2015, the international agencies Moody’s and Fitch assigned
BOAD the issuer ratings of Baa1 and BBB respectively, with
a stable outlook. The two agencies affrmed their ratings in
2016, enabling the institution to leverage resources from
international capital markets inorder to make its funding
more and more competitive.In sectors such as road, port and air transport, energy,
telecommunications and tourism, the West African
Development Bank (BOAD) works alongside public and
private players in the UEMOA to provide a sustainable
source of funding for investments in modern infrastructure.
Armed with over 40 years of technical and fnancial
expertise, BOAD has placed infrastructure development
at the heart of its mission. The Bank remains the main
funding partner in this sector for member countries.
In Côte d’Ivoire, it has funded major integration projects
such as the expansion of the Azito and CIPREL power plants,
the construction of the Henri Konan Bedie Bridge and
the Giscard d’Estaing interchange, as well as the extension
of the Félix Houphouët Boigny Airport in Abidjan.
The bank has also funded the construction of the Tobene
Power Plant in Senegal, and the expansion of autonomous
ports in various cities including Abidjan, Bissau, Cotonou,
Dakar, San Pedro and Lomé.BOADB.P. 1172 - Lomé, Togo - Tel: +228 22 21 59 06/ +228 22 21 42 44 - Fax: +228 22 21 52 67/ 22 21 52 67/ 22 21 72 69
ADVERTORIAL Email: [email protected] - Website:www.boad.org DIFCOM/DF - Photo : DR.
West African Development Bank (BOAD),
a key player in infrastructure fnancing in the West
African Economic and Monetary Union (UEMOA)
1BREAKDOWN OF BOAD COMMITMENTS BY SECTOR16.4 12.
%
Food securityInfrastructureOthers1 Union Économique et Monétaire Ouest AfricaineValéry Giscard d’Estaing interchange funded by BOAD.