As part of the co-financing of the preparation of regional infrastructure projects in public-private partnership (PPP), the African Development Bank (AfDB) and the West African Development Bank (BOAD) signed a memorandum of understanding defining a strategic partnership framework, involving at least one member state of the West African Economic and Monetary Union (UEMOA).

The memorandum of understanding, concluded for a period of five years, will help the two institutions and the UEMOA countries to quickly build a solid pipeline of prepared, bankable and high-quality regional infrastructure projects, as part of the revival of post-Covid-19 infrastructure investments in the region, a statement said.

It focuses on the identification, selection and prioritization of possible regional infrastructure projects under PPP, the conduct of feasibility studies as well as the structuring and support of the transaction. The two institutions will jointly draw up a list of projects that can benefit from co-financing for preparation and will agree on the components of the project to be financed, the supervision and supervision of the studies as well as the methods of disbursement