Missions and Objectives

Our missions

The BOAD’s objectives, scope and priorities for intervention, as defined by its Articles of Association and General Policy Statement, are based on the central idea of solidarity.

The BOAD’s objectives are to promote the balanced development of its member states and to achieve economic integration in West Africa. The Articles of Association specify that in the choice of actions to which it will contribute, particular consideration must be given to those likely to facilitate the development of the Union’s member states most disadvantaged by natural conditions, and to contribute to the integration of the economies of the Union’s member states. Raising domestic funds to finance development initiatives, stimulating the regional capital market and draining external resources into the region were also key missions assigned to the Bank.

Designed as a bank to promote regional integration and solidarity, BOAD finances :

  • building or improving the infrastructure needed for development, particularly in terms of communications, water supply and electricity;
  • the improvement, creation or transfer of ownership of means of production and distribution in the rural and industrial sectors;
  • project preparation studies.

BOAD operates directly or through subsidiaries, special funds set up by BOAD or national financial institutions. It can take the following forms: equity investment, long- and medium-term loans, guarantees and interest subsidies. Member states, local authorities and public establishments, financial institutions, organizations, companies and individuals are all eligible for funding.

Special funds have been set up within the company to enhance the efficiency of its operations, modulate its action and tailor it as effectively as possible: a subsidy fund, a guarantee fund for guarantees and redemptions, and a study fund.

BOAD's role in the WAEMU

BOAD is considered an essential part of UEMOA, whose mission remains unchanged: to be the common body responsible for financing priority development and economic integration actions. It has thus become an autonomous specialized institution of the WAEMU which, without prejudice to the objectives assigned to it by the WAEMU Treaty, contributes to the objectives of the Economic and Monetary Union (article 41 of the WAEMU Treaty).

Djoliba Plan targets in figures

  • 244 000
  • 12 700 km
  • 12 170 ha
    of developed land
  • 380 MW
  • 87 700 m3
    /d of drinking water produced

Objectives for Horizon 2025

Promote the balanced development of member states and achieve the economic integration of West Africa

Strategic operational axes :

  • Strengthening resilience to climate change
  • Contribute to the creation of value and productive jobs in support of governments and the private sector
  • Strengthening regional integration

Cross-functional strategic priorities :

  • Increase financing capacity
  • Strengthening human resources and management systems

Discover the genesis of BOAD