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Banque Ouest Africaine de Développement (BOAD): 27th member of the Sahel Alliance and 18th in its own right.

Brussels, December 7, 2022. On the occasion of the 10th Operational Steering Committee of the Sahel Alliance, BOAD officially joined this circle of development partners as the 27th member, and 18th in its own right.

This membership will enable the Bank to contribute to the efforts of partners operating in a region where development challenges in terms of infrastructure, energy, food security, health and education, as well as major security, demographic and social constraints, require strong synergies of action to generate a lasting impact.

The Sahel Alliance brings together the main multilateral and bilateral development partners of the Sahel states. Today, it has 27 members, including France, Germany, the European Union, the World Bank, the African Development Bank, the United Nations Development Programme, Spain, Italy, the United Kingdom, Luxembourg, Denmark, the Netherlands, the European Investment Bank, the United States, Canada, Norway and BOAD, which are full members.

About the Sahel Alliance :

The Sahel Alliance is an international coordination platform for the stabilization and development of the G5 Sahel countries : Mauritania, Mali, Burkina Faso, Niger and Chad. It was launched in July 2017, in Paris, in the presence of the President of the French Republic, the German Chancellor and the High Representative of the European Union. The Alliance is a mechanism for strengthening the coordination of development partners, to ensure faster, more effective, better-targeted and, above all, more impactful support. Its aim is to tackle the root causes of the crisis in the Sahel, by speeding up the deployment and absorption of support and financial assistance. In synergy with the G5 Sahel, it contributes to the development pillar of the Sahel Coalition.

About Banque Ouest Africaine de Développement (BOAD) :

The West African Development Bank (BOAD)
is the joint development finance institution of the West African Monetary Union (WAMU). It was created by an agreement signed on November 14, 1973. BOAD became operational in 1976. The member states are: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Under the terms of the West African Economic and Monetary Union (WAEMU) treaty signed on January 10, 1994, which came into force on August1, 1994, the WADB is a specialized and autonomous institution of the Union. It contributes independently to the achievement of WAEMU objectives, without prejudice to the objectives assigned to it by the WAEMU Treaty. According to Article 2 of its Articles of Association, BOAD is an international public institution whose purpose is to promote the balanced development of member states and contribute to the achievement of economic integration in West Africa. (www.boad.org)