At the end of its 122nd ordinary session, which was held this Wednesday, 17 March 2021 by videoconference, BOAD approved 3 refinancing lines in favor of Coris Bank International Mali, Bridge Bank and BGFIBank Côte d'Ivoire.

BOAD is trying to support SMEs in UEMOA in the post-Covid-19 recovery. The development finance institution approved a total of six loans for a total amount of 81 billion FCFA

The first line, worth 10 billion FCFA, should allow the Malian subsidiary of Coris Bank International to support micro, small and medium-sized enterprises in UEMOA by improving their access to bank financing.

The 10 billion FCFA facility made available to the Ivorian Bridge Bank Group (BBG CI) will be used to help Ivorian businesses relaunch their activities, which have been hit hard by the Covid-19 health crisis.

For its part, the Ivorian subsidiary of BGFIBank (BGFIBank CI) will receive short-term support of 10 billion FCFA to provide revolving facilities to companies involved in the 2020-2021 casjou campaign in Côte d'Ivoire.