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Fight against poverty: BOAD committed to optimizing its impact and its investment capacity

02/02/2022
Categories: Companies

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Faced with the multiple challenges facing the sub-region, the West African Development Bank (BOAD) is determined to optimize its impact by strengthening its investment capacity and its governance.

The banking institution reaffirms its ambitions to support States in order to fight against poverty, unequal access to education and health, as well as climate change, food insecurity, the security crisis in the Sahel and the infrastructure deficit. Performance received by BOAD by financing major projects in the public and private sectors. Faced with the multiple challenges revealed or amplified by the Covid-19 pandemic, the institution intends more than ever to play this role of catalyst.

To make BOAD the reference institution in terms of sustainable impact, integration and transformation of West Africa, the Djoliba Plan 2021-2025 sets five priority sectors for intervention: agriculture and food security, renewable energies, basic infrastructure, health-education and social housing. At the end of 2021, 436.2 billion FCFA had thus been committed. The institution also intends to promote business development, with the objective of contributing to the creation of 245,000 additional jobs, including approximately 17,000 in the micro-enterprise and SME segment.

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