| Organisation | West African Development Bank |
| Alternate Name | Banque Ouest Africaine de Développement (BOAD) |
| Abbreviation | BOAD |
| Parent | Central Bank of West African States - BCEAO (47.98%); Economic & Financial Infrastructure of the Franc Zone - West Africa; European Investment Bank - EIB (0.3%); Government of France (1.9%); Ministry of Budgets, Finance & Privatisation (6%); Ministry of Economy & Finance (6%); Ministry of Economy & Finance (6%); Ministry of Economy & Finance (6%); Ministry of Economy & Finance (6%); Ministry of Finance (6%); Ministry of Economy & Finances (6%); Ministry of Finance (6%) |
| u.r.l. | www.boad.org |
| boadsiege@boad.org | |
| Country | Togo |
| Location | Lome |
| Address | 68, Avenue de la Libération, Lome |
| Postal Address | B.P. 1172, Lomé |
| Telephone | (228) 221.59.06; (228) 221.42.44; (228) 221.01.13 |
| Management u.r.l. | |
| Fax | (228) 221.52.67 |
| Sector | Regional Banks - General |
| Organisation Type | African Multilateral |
| Status | |
| Stated Role | The West African Development Bank (BOAD) is a regional financial institution established in 1973. Its mandate is to promote economic integration and balanced development among the member states of the West African Economic and Monetary Union (WAEMU) which includes Benin, Burkina Faso, Côte d’Ivoire, Niger, Mali, Senegal, Togo and Guinea Bissau. BOAD is to financing an array of projects in various sectors including rural development, road infrastructures, telecommunications, energy, industry, transport, rural development and tourism.<P>BOAD shareholding is composed of the eight (8) WAEMU member countries, the Central Bank of West African States (BCEAO) and non regional members such as France, Germany, the European Investment Bank (BEI), the African Development Bank (AfDB), Belgium and recently China.<P>After more than two decades of cautious and increasingly diversified activities in providing financing to public and private sectors, BOAD has gained regional and international credibility. Its healthy balance sheet and its reputation enable it to expand its membership and sources of funding over the time and it has become the main bond on the regional financial market. |
| Activities | |
| Geographical Focus | |
| Notes | Management and Organization --------------------------------------- BOAD is managed by a President assisted by a Vice-President. The President and the Vice-President are respectively appointed by the UEMOA Council of Ministers and the Board of shareholders. BOAD has a resident mission in six (6) member countries ( Benin, Burkina Faso, Côte d’Ivoire, Niger, Mali, Senegal). [ Retrieved on 14/09/2007 - http://www.boad.org/content/presentation/pres_organisation.htm ] |
| Current Positions | |||
| Position | Name | From | To |
| Vice President, BOAD | Issa Coulibaly | 2003 | |
| President, BOAD | Abdoulaye Bio-Tchane | 2008 | |
| Budgets | ||||
| Donor | From | To | Budget ($) | Note |
| Links to Related Organisations |
| Associated Organisations | CRRAE-UMOA - Caisse de Retraite par Répartition Avec Epargne de l'Union Monétaire Ouest Africaine |
| Donor Recipients |
| Past Positions | |||
| Position | Name | From | To |
| President (Interim), BOAD | Issa Coulibaly | 2006 | 2008 |
| President | Dr Boni Yayi | 1994 | 2006 |
| Record last updated on 12 AUG 2008 |