Approximately 630 billion CFA francs mobilized by BOAD in 2017

Christian Adovelande, the president of the West African Development Bank (BOAD).

The president of the West African Development Bank (BOAD), Christian Adovelande, announced on Thursday that the institution has mobilized 630 billion FCFA in 2017, including 550 billion FCFA invested for the benefit of the economies of the region.

« The activity remained strong in 2017 with a level of intervention for the benefit of the economies of the zone for 550 billion CFA francs, an increase of 30% compared to the situation 2016, » he said in Abidjan, at the same time. after a meeting with President Alassane Ouattara of Côte d’Ivoire, adding that the bank’s interventions concerned, inter alia, sectors such as energy, transport, the private sector and finance.

A regional institution based in Lomé (Togo), BOAD participates in the financing of projects in 8 UEMOA countries. Its board of directors authorized, at the end of June 2018, new commitments totaling CFAF 111.8 billion for the economies of the region, bringing to CFAF 5,201 billion the cumulative commitments of the institution. since the beginning of his activities.

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