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Banque Ouest Africaine de Développement

Headquarters address
Organization's name:	Banque Ouest Africaine de Développement
Organization's acronym:	BOAD
Address:	68, Avenue de la Libération BP 1172 Lomé Togo
Phone:	00228 22 21 59 06
Fax:	00228 22 21 52 67
Email:	boadsiege@boad.org
Web site:	www.boad.org
Organization type:	Inter-governmental organization
Languages:	English French

Activities

Areas of expertise & Fields of activity:	Economic and Social: Agriculture Biodiversity Business and Industry Climate Change Development Economics and Finance Education Energy Environment Extreme poverty Financing for Development Food Industrial Development Least Developed Countries Private Sector Social Development Sustainable Development Water Financing for Development: Addressing systemic issues Increasing financial and technical cooperation for development Mobilizing domestic financial resources for development Mobilizing international resources for development Social Development: Poverty Technical cooperation Sustainable Development: Agriculture Biodiversity Biotechnology Capacity-building Climate change Consumption and production patterns Desertification and Drought Disaster management and vulnerability Education Energy Finance Forests Freshwater Health Industrial development Institutional arrangements International cooperation for an enabling environment Land management Marine Resources Means of Implementation (Trade, Finance, Technology, Tranfer, etc.) Mining Poverty Protecting and managing the natural resources Rural Development Sanitation Sustainable development for Africa Technology Trade and environment Transport Waste (hazardous) Waste (solid) Waste Management
Geographic scope:	Regional Africa
Country of activity:	Côte D'Ivoire Benin Burkina Faso Niger Togo Guinea Bissau Senegal Mali
Millennium Development Goals:	Combat HIV/AIDS, malaria and other diseases Eradicate extreme poverty and hunger Achieve universal primary education Promote gender equality and empower women Reduce child mortality Improve maternal health Ensure environmental sustainability Develop global partnership for development
Mission statement:	The West African Development Bank (BOAD) is the common development finance institution of the Member States of the West African Monetary Union (UMOA), transformed into the West African Economic and Monetary Union (UEMOA) by the Treaty of 10 January 1994. It was established by the Treaty signed on 14 November 1973 by six Member States (Benin, Burkina, Côte d'Ivoire, Niger, Senegal, Togo) which were joined by Mali on 1June 1984 and Guinea Bissau on 02 May 1997. BOAD became operational in 1976. In conformity with the UEMOA Treaty which entered into force on 1 August 1994, BOAD is a common specialised institution of the Union. It contributes « in full independence towards the attainment of the objectives of the UEMOA without prejudice to the objectives which were assigned to it by the UMOA Treaty ». BOAD is an international public institution whose purpose, as spelt out under Article 2 of its Articles of Association “is to promote the balanced development of the Member States and foster the economic integration of West Africa” by funding priority rural development, basic infrastructure, modern infrastructure, telecommunications, energy, industries, transport, tourism and other service projects.
Year established (YYYY):	1976
Funding structure:	Membership fees or dues Product sales and business services Donations and grants from domestic sources

Additional Information

Sustainable Development

Major group affiliation:

Workers and trade unions
Business and industry
Farmers

Forests

Major group affiliation:

Forest Business and Industry