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Capital increase: Boad receives the support of the AfDB, Morocco and France

24/02/2022
Categories: Economy/Forex

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In order to meet the growing financing needs of the WAEMU States, the West African Development Bank (Boad) approved, in September 2020, a capital increase of nearly $1.5 billion. This operation will enable the institution to double its level of equity in order to increase its level of commitment by more than 50% over the following 5 years. According to the Abidjan regional economic service of the French Ministry of Economy, Finance and French Recovery, the African Development Bank (Bad), Morocco and France are preparing to subscribe, from 2022, to this capital increase.

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