Source:
Banque Ouest Africaine de Développement (BOAD) |
Enhanced credit insurance for the West African Development Bank (BOAD) to scale up financing in the West African and Monetary Union (WAEMU) region
With insurers rated A- and AA-, BOAD is improving the average rating of its overall loan portfolio, with the aim of positively influencing its own investment grade rating
The West African Development Bank (BOAD) (www.BOAD.org) has taken a major step in strengthening its financing capacity by increasing the size of its sovereign, portfolio credit-insurance policy signed in June 2023. The policy—subscribed with a pool of leading private insurers—now amounts to XOF297.6 billion (approximately EUR 454 million). This transaction…
