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The West African Development Bank (WADB) is the joint development financing institution of the West African Monetary Union (WAMU) states, created by an agreement signed on November 14, 1973 and operational since 1976.

Who we are?

The BOAD’s main mission is to contribute to the economic integration and balanced development of the member countries of the West African Economic and Monetary Union (WAEMU). These countries include Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.

The West African Development Bank supports a wide range of projects in diverse sectors such as agriculture, infrastructure, energy, real estate, education and health. It provides financial services to governments, public and private companies and organizations. to promote sustainable economic growth, job creation and improved living conditions for the people of West Africa.

As a leading financial institution in the region, BOAD plays an essential role in mobilizing resources for strategic investments, fostering innovation and implementing economic policies conducive to development. Through its commitment to the economic and social progress of West Africa, the WADB actively contributes to strengthening ties between member countries and promoting solid, harmonious regional integration.

  • 73 025
    students enrolled
  • 41 248 MW
    additional energy supplied
  • 270 171
    jobs created
  • 4 566 103
    tonnes of cotton produced

Our missions and objectives

BOAD is an essential part of UEMOA, charged with promoting the balanced development of member states and achieving economic integration in West Africa. The BOAD’s objectives, scope of action and priorities for intervention, as defined by its Articles of Association and General Policy Statement, are based on the central idea of solidarity.

Our products and services

The WADB offers a comprehensive range of products and services to support the economic and social development of West Africa. As an international financial institution, the BOAD plays an essential role in promoting strategic and innovative projects, as well as facilitating regional integration within the West African Economic and Monetary Union (WAEMU).


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Share capital

At December 31, 2022, the Bank’s share capital was as follows
(in M FCFA) :

Authorized capital 1 155
Subscribed capital 1 103 650
Callable capital 826 230
About us - Share capital


Members holding Series A shares :

  • Republic of Benin
  • Burkina Faso
  • Republic of Ivory Coast
  • Republic of Guinea Bissau
  • Republic of Mali
  • Republic of Niger
  • Republic of Senegal
  • Togolese Republic
  • Central Bank of West African States (BCEAO)

Members holding Series B shares :

  • French Republic
  • KFW acting on behalf of the Republic of Germany
  • European Development Bank (EIB) acting on behalf of the European Union
  • African Development Bank (AfDB)
  • Kingdom of Belgium
  • Eximbank of India acting on behalf of India
  • People’s Bank of China acting on behalf of the People’s Republic of China
  • Kingdom of Morocco

Download basic texts

Articles Of Association Of The West African Development Bank (BOAD)


Agreement establishing BOAD