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Banque Ouest Africaine de Développement (BOAD)
Source: Banque Ouest Africaine de Développement (BOAD) |

Historic Bond Issue: The West African Development Bank (BOAD) Raises EUR 1 Billion With a 15-Year Maturity on the International Capital Market

This deal represents an important milestone for the continent's multilateral development banks (MDBs), as it constitutes the longest euro-denominated benchmark bond ever issued by an African MDB

The West African Development Bank (BOAD) (https://www.BOAD.org) has reached a new milestone by successfully completing a historic bond issuance of EUR 1 billion with a 15-year maturity on the international capital market. The deal drew strong investor interest, generating a record EUR 2.7 billion order book. This robust appetite enabled…

Banque Ouest Africaine de Développement (BOAD)
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…

Banque Ouest Africaine de Développement (BOAD)
Source: Banque Ouest Africaine de Développement (BOAD) |

The West African Development Bank (BOAD) officially joins the Global Alliance against Hunger and Poverty

BOAD’s participation is anchored around two core pillars of the Alliance: financing and knowledge sharing

The West African Development Bank (BOAD) (www.BOAD.org) is pleased to announce its official membership in the Global Alliance Against Hunger and Poverty. This initiative, spearheaded by the Brazilian Presidency of the G20, seeks to eradicate hunger and poverty (SDGs 1 & 2) and reduce inequalities (SDG 10) by supporting low-income…

Banque Ouest Africaine de Développement (BOAD)

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    • The West African Development Bank (BOAD) achieves French Institute of Audit and Internal Control (IFACI) Professional Certification for Internal Audit — A first among Multilateral Development Banks
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Source: Banque Ouest Africaine de Développement (BOAD) |

The West African Development Bank (BOAD) achieves French Institute of Audit and Internal Control (IFACI) Professional Certification for Internal Audit — A first among Multilateral Development Banks

BOAD becomes the first Multilateral Development Bank to receive this international certification, underscoring its leadership in adopting international best practices in internal audit

The West African Development Bank (BOAD) (www.BOAD.org) has achieved a major milestone in strengthening its governance by securing professional certification for its Internal Audit function from the French Institute of Audit and Internal Control (IFACI). This certification, formalized under Certificate No. IFACI/2025/0227r, issued on February 27, 2025 and valid through…

Banque Ouest Africaine de Développement (BOAD)

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    • The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance
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Source: Banque Ouest Africaine de Développement (BOAD) |

The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance

This transaction attracted significant and diversified investors driven by the strong credit profile of BOAD and the characteristics of the structure

The West African Development Bank “BOAD” (www.BOAD.org/en/) continues to lead in financial innovation with the successful issuance of a $500 million sustainable hybrid bond on the international capital market. This deeply subordinated instrument carries a 30-year maturity with a five-year non-call period, for an equivalent EUR coupon rate of 5.9%.…

Banque Ouest Africaine de Développement (BOAD)

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    • Closing workshop - high-level seminar on climate finance (FR)
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Source: Banque Ouest Africaine de Développement (BOAD) |

The Cotonou Declaration consolidates the classification of feasibility studies for climate projects and the replenishment mechanisms of the West African Development Bank's (BOAD) Climate Study Fund

The Climate Study Fund, established by decision No. 069 of the WAMU Council of Ministers on 22 September 2023, aims to address the growing challenges WAEMU countries face in the fight against climate change

The West African Development Bank (BOAD) (www.BOAD.org), organized a high-level workshop on climate finance in Cotonou, in partnership with the European Union. The event brought together key public and private stakeholders from across West Africa with the aim of standardizing the feasibility studies for climate projects and enhancing the mechanisms…

Banque Ouest Africaine de Développement (BOAD)

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    • Images from the signing ceremony - Rome (Italy) 02 august 2024 (1)
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Source: Banque Ouest Africaine de Développement (BOAD) |

100 million to the West African Development Bank (BOAD): the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

The funds will be used to build and rehabilitate infrastructure for the production of electricity from renewable sources, in order to diversify the energy mix, avoid CO2 emissions and reduce energy production costs

The funds will be used to finance projects in the renewable energy sector aimed at mitigating climate change; The initiatives will be targeting the eight West African countries that hold equity in BOAD (www.BOAD.org): Benin, Burkina Faso, Côte d’Ivoire, Niger, Senegal, Togo, Mali, and Guinea-Bissau. A €100 million operation to finance…

Banque Ouest Africaine de Développement (BOAD)

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    • West African Development Bank (BOAD) announces acquisition of an equity interest by the Arab Bank for Economic Development in Africa (BADEA) in its capital (1)
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Source: Banque Ouest Africaine de Développement (BOAD) |

West African Development Bank (BOAD) announces acquisition of an equity interest by the Arab Bank for Economic Development in Africa (BADEA) in its capital

The two institutions are breaking new ground for their long-standing cooperation, which to date has been marked by the provision by BADEA of resources on preferential terms, and by the co-financing of several infrastructure projects in WAEMU countries

The West African Development Bank (BOAD) (https://www.BOAD.org/) is pleased to announce that the Arab Bank for Economic Development in Africa (BADEA) has joined its capital. Following a favorable opinion issued by the Bank's Board of Directors, at its 139th meeting held on 20th December 2023 in Cotonou, the WAMU Council…

Banque Ouest Africaine de Développement (BOAD)

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    • IDFC Annual Meeting - October 2023 (1)
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Source: Banque Ouest Africaine de Développement (BOAD) |

IDFC Annual Meeting taking place on the margins of the World Bank/IMF 2023 Annual Meetings in Marrakech, Morocco

The international group of 26 leading national and regional development banks gathered for its Annual Meeting on the sidelines of the World Bank/IMF 2023 Annual Meetings

Election of Javier Diaz Fajardo and Serge Ekue as co-chairs of IDFC; for its 2023 Green Finance Mapping, IDFC reports a total financing of USD$ 1.5 Trillion of green finance since 2015, with a record high of USD$ 288 Billion in 2022; first IDFC Gender Finance Mapping; IDFC position paper…