The international rating agency Fitch has revised the outlook for the West African Development Bank (Boad) from negative to stable with a triple B rating.

The international rating agency Fitch explains this rating by strengthening the support capacity of its shareholders with the upgrading of the ratings of Côte d'Ivoire, from B+ to BB- in July 2021, and of Benin, from B to B+. in October 2021, amid an improving macroeconomic outlook. According to Fitch, Boad's intrinsic credit rating remains unchanged at BB+, reflecting the bank's strong fundamentals. The Institution welcomes this improvement in its rating, which comes at the right time when, despite the restrictions imposed by the health situation, it has been implementing since January 2021 its new strategic plan for the period 2021-2025, called " Djoliba map ".