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BOAD (Banque Ouest Africaine de Développement) is a regional development bank established to promote the economic development of West African countries through financing of development projects and programs. It aims to foster economic integration and improve the living conditions of the populations in its member states.
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Provides financial support for development projects in various sectors including agriculture, energy, and infrastructure.
Offers technical support and advisory services to member states and private sector entities to enhance project implementation and capacity building.
Promotes economic integration among West African countries through targeted financial interventions and policy support.
Focuses on sustainable development projects that have a positive impact on the environment and social well-being.
Encourages private sector participation in development through loans, equity investments, and guarantees.
Finances regional projects that benefit multiple member states, fostering cooperation and shared development goals.
Provides risk management solutions to mitigate financial and operational risks associated with development projects.
BOAD's member states include Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo, and Guinea.
The headquarters of BOAD is located in Lomé, Togo.
For more information, visit the official website at www.boad.org.
BOAD raises funds through capital subscriptions from member states, borrowing on international and regional markets, and from other development partners.
Over the years, BOAD has financed numerous projects contributing significantly to the socio-economic development of West Africa.
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