The West African Development Bank (BOAD) and the Professional Association of Management and Intermediation Companies (APSGI) have signed a collaboration memorandum of understanding, with a view to implementing synergies to support the revitalization of their activities financing and investment, and to capture the opportunities offered by Green Finance.
As part of enhancing its financing capacity, its interventions and strengthening the resilience of the UEMOA zone in the face of climate change, BOAD has entered into a partnership with APSGI in order to:
i) identify, prepare and evaluate projects, ii) jointly structure financing,
iii) develop joint financial advice offers iv) share skills and good practices and,
v) promote projects aimed at combating climate change.
The signing ceremony of the collaboration agreement was held at the Noom Hotel in Abidjan (Côte d’Ivoire) and saw the significant participation of the Management and Intermediation Companies of Côte d’Ivoire and all countries in the UEMOA zone.
This partnership provides a formal response to the increasingly growing investment needs of the sub-region, and intends to seize the opportunities offered by Green Finance.
In alignment with its DJOLIBA strategic plan, BOAD wishes to provide innovative and better-adapted responses to the issues of sustainable and inclusive development, through the establishment of investment and financing mechanisms.
BOAD and APSGI intend to define and jointly facilitate a framework for sharing and exchanges, which aims to integrate the opportunities generated by climate change.
The West African Development Bank (BOAD) is the common development financing institution of the States of the West African Monetary Union (UMOA). It was created by Agreement signed on November 14, 1973. BOAD became operational in 1976. The member states are: Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo.
By treaty of the West African Economic and Monetary Union (UEMOA) signed on January 10, 1994 and entered into force on August 1, 1994, BOAD is a specialized and autonomous institution of the Union. It contributes in complete independence to the achievement of the objectives of the UEMOA, without prejudice to the objectives assigned to it by the UEMOA treaty.
BOAD is a public establishment of an international nature which aims, under the terms of Article 2 of its Statutes, to promote the balanced development of Member States and to contribute to the achievement of the economic integration of Africa. ‘West.