Created under agreements signed on 14 November 1973, the West African Development Bank (BOAD) became operational in 1976. It is a common institution responsible for financing development and economic integration in the countries of the region.
It has 8 sub-regional member countries and 7 non-regional member countries (www.boad.org/fr/presentation).
The Bank provides financing through three windows:
- a concessional window, known as the Development and Cohesion Fund (FDC), which finances public development projects;
- a commercial window, which finances commercially oriented investment projects undertaken by States and by public and private companies;
- an Energy Development Fund (FDE), established under the community programme “Regional Initiative for Sustainable Energy”, dedicated to financing energy projects.
