Vice-President Moustapha Ben Barka took office at BOAD

Lomé, 2 March 2020. Mr. Moustapha Ben Barka, the new Vice-President of the West African Development (BOAD) took office at the institution’s headquarters following his recent appointment by the Bank’s Board of Directors.

Mr. Ben Barka attended the first Management Board meeting under the chairmanship of Mr. Christian Adovelande, BOAD President, during which he was introduced to the Bank managers.

The Vice-President is taking office at a time when the Bank has just concluded its 2015-2019 strategic plan, and new projects are announced under a new strategic plan whose key areas are being stabilized and set to be implemented by early 2021.

To date, 1,209 projects were funded by the institution for a total amount of XOF5,809.1 billion, including 72.8% to the public sector and 27.2% to the private sector. These loans were distributed, inter alia, in a proportion of 67.2% to infrastructure, 11.7% to finance and insurance, 11.5% to food security and rural development and 6.6% to manufacturing.

Previously Minister, Permanent Secretary of the President’s Office of the Republic of Mali, after serving as Minister of Industry and Investment Promotion and Minister reporting to the Minister of Economy and Finance, in charge of Investment Promotion and Private Initiative, Mr. Moustapha Ben Barka is holder of an Executive MBA in Financial Services (Université de Quebec, Montréal), a Certificate from the Canadian Bankers’ Institute, a Graduate Certificate in Treasury (McGill University), a Bachelor’s Degree in Finance and International Trade (HEC Montréal) and a Certificate in Arts and Sciences (Université de Montréal).

He is taking over from Mr. Bassary Touré, former Vice-President, whose two terms at the head of the institution had expired last February. A general staff meeting was held this 2 March 2020 to warmly welcome and wish him great success in his new capacity, alongside the Bank’s President.

As a reminder, the Vice-President is appointed by the Board of Directors upon proposal by the highest authorities of Mali for a five-year term, renewable once.

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