3 min

BOAD joins the International Aid Transparency Initiative (IATI)

The West African Development Bank (BOAD) is now a member of the International Aid Transparency Initiative (IATI). It has just been admitted to the community of one hundred and two (102) member institutions of the United Nations. United Nations, international development organizations and civil society, who are committed to promoting greater transparency in the use of resources devoted to development and humanitarian action to combat poverty and crises.

This membership marks the reinforcement of the Institution’s commitment to transparency in the dissemination of information on its operations, in line with international standards.

BOAD is aware that, as a recipient of public and private funds and trust, transparency of operations is an essential element of accountability. It demonstrates that transparency, accountability and the exchange of information are essential for responding to its customers, enhancing development effectiveness and, more generally, reducing poverty.

 With greater transparency, the Bank believes that stakeholders are able to monitor the results of its operations and, consequently, help ensure that the benefits reach the target populations.

IITA membership follows the development of the Information Dissemination and Access Policy that came into force at BOAD by regulation 2013-013 dated December 05, 2013.

As a member of IITA, the WADB is committed to continuing to make available data on its operations, in particular on projects and programs, but also on policies, strategies, procedures, directives and the main decisions adopted during project development and execution.

About BOAD

The Banque Ouest Africaine de Développement (BOAD) is the joint development finance institution of the countries of the West African Monetary Union (WAMU). According to Article 2 of its Articles of Association, the BOAD’s purpose is to “promote the balanced development of member states and achieve economic integration in West Africa” by financing priority development projects. It is accredited with the three climate finance mechanisms (GEF, AF, GCF). Since 2009, BOAD has been an observer at the UNFCCC and has played an active role in discussions concerning the construction of an international architecture for climate finance. Since January 2013, it has been home to the first Regional Collaboration Center (CRC) on the Clean Development Mechanism (CDM), whose aim is to provide direct support to governments, NGOs and the private sector in identifying and developing CDM projects.  It is committed to carbon neutrality by 2023.  WWW.BOAD.ORG

About the International Aid Transparency Initiative (IATI)

IITA is a global initiative to improve the transparency transparency of resources allocated to development and and humanitarian action and their results in matin the fight against crises and poverty. It was launched in 2008 at the third Forum high-level on aid effectiveness in Accra to meet the demand the international community’s call for greatergreater transparency of resources development resources. 

IITA is financed and governed by its memmembers, who represent governments governments and humanitarian and development organizationsdevelopment the world. The initiative encourages all organizations involved the fight against poverty and internationalto publish open data on their and projects in accordance with the IITA standard. standard. https://iatistandard.org