TheWest African Development Bank (WADB), the common development finance institution of the States of the West African Economic and Monetary Union (WAEMU), contributes “in full independence to the achievement of the objectives of the WAEMU without prejudice to the objectives assigned to it by the WAEMU Treaty.
In line with its mission, the Bank has worked since its creation to promote the balanced development of its member states and to achieve economic integration in West Africa.
For the states in this area, economic activity and the means of human development for subsistence remain largely undiversified and dependent on natural resources.
Environmental degradation and climatic hazards directly diminish economic potential, contributing to persistent unemployment and poverty.
These factors highlight the profound vulnerability of populations and ecosystems, exacerbated by a classic model of inadequate socio-economic development, a source of poverty and degradation of natural capital.
Aware that this situation is likely to seriously compromise investment efforts for the development of WAEMU countries in the short, medium and long term, the WADB has committed itself, within the framework of its vision, to be “a strong development bank for the economic integration and transformation of West Africa”.to improve environmental management and pursue its strategy of mobilizing appropriate resources to support environmental and climate change projects.
