Project Description
MESSAGE FROM THE PRESIDENT
As part of efforts to realize its vision, BOAD has developed an environmental and climate strategy for 2015-2019, with a vision to “making the environment a new growth area for the Bank”.
By implementing this strategy, BOAD would have adopted a pragmatic approach of increasing the resilience of vulnerable populations most affected by climate change, and make the environment the strong foundation of sustainable development in the WAEMU region.
Indeed, the financing of development activities of our member countries had been done without much consideration to environmental and social issues. At BOAD, we place a huge premium on the ecosystems in projects financed by the Bank, and this has been our major focus since early 2000. This has been evidenced by the environmental and social impact assessment (ESIA), the formulation of an environmental an social management plan (ESMP) as well as the monitoring of its implementation.
The twofold requirement of making our fundings more attractive and promoting green economy, calls for the mobilization of additional funding for BOAD. It is because of this background that our Bank has firmly positioned itself on the main financing mechanisms under the Multilateral Environmental Agreements (MEAs) such as: the Adaptation Fund (AF), the Global Environment Facility (GEF) and the Green Climate Fund (GCF).
This 2015-2019 environmental and climate strategy outlines and streamlines BOAD’s commitment and the leading role it could play in the implementation of the ten-year agenda decided during RIO+20 and which relates to green growth.
The simple and practical nature of the strategy is evidence of the pragmatic state of mind bent we need for its implementation. This is a call to action.