WEST AFRICAN DEVELOPMENT BANK

Obtaining a funding

FUNDING

For the Bank to consider a project, the dossier to be submitted must include the following:

  • a formal request for funding (letter, telex, fax…) from the project proponent stating the amount and the desired form of intervention (loan, refinancing facility, equity investment…);
  • a detailed project design study covering the following aspects: market, project organization and management, technical and financial and possibly economic aspects

The project appraisal for its possible financing requires additional documentation and information as below:

  • the last three years’ activity reports and audited financial statements, if this involves a modernization, expansion and rehabilitation project;
  • the auditor’s report in case of equity investment in respect of a capital increase;
    the technical and financial references of the technical, financial or business partner, as applicable;
  • the valuation reports on existing property in case of contribution in kind or proposed buyout of existing companies;
  • the bank details;
  • the articles of incorporation and other basic texts;
  • the guarantees proposed.

FORMS OF INTERVENTION

The Bank intervenes in various forms:

  • Medium and long-term loans;
  • Equity investment in the share capital of companies or national financial institutions (NFls);
  • Financing of short-term operations;
  • Financing of project feasibility or engineering studies;
  • Assistance to small and medium-sized enterprises (SMEs) through:
  • lines of credit in order to contribute to the financing of micro-projects and the development of SMEs;
  • specialized comprehensive packages;
  • refinancing framework agreements;
  • leasing;
  • credit or refinancing facilities to national financial institutions (NFls);
  • Easing of credit conditions through interest allowance for projects in the non-commercial sector;
  • Assistance in project preparation, promotion and implementation;
  • Guarantees of bond loans;
  • Financing arrangements for projects;
  • Financial advisory services.

Download the Practical Guide For Private Economic Operators 2015

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