Banque Ouest Africaine de Développement (West African Development Bank)
BOAD
TypeDirect (Regional)
Date of accreditation14 Oct 2016
The Banque Ouest Africaine de Développement (West African Development Bank, BOAD), is a regional financial institution with a mandate to promote development in West Africa and foster economic integration within the subregion. The entity delivers on its mandate by contributing towards the mobilization of domestic resources in its member state countries, outsourcing foreign capital through loans as well as providing funding through equity investments, loans, guarantees, and interest rebates. The entity uses the financial resources that it mobilizes to invest in public and private sector projects and programmes aimed at building basic and modern infrastructure, improving rural livelihoods, generating energy, and climate change adaptation and mitigation.
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Accreditation timeline
Accreditation term 1
31 Aug 2017 - 30 Aug 2022
Accreditation date
14 Oct 2016
AMA execution date
03 Apr 2017
AMA effectiveness
31 Aug 2017
Term end date
30 Aug 2022
Accreditation term 2
17 May 2024 - 16 May 2029
Re-accreditation date
12 Jul 2023
AMA execution date
03 Dec 2023
AMA effectiveness
17 May 2024
Term end date
16 May 2029
Entity details
Size
Micro
Small
Medium
Large
Environmental and social risk category
Category C
Category B
Category A
Intermediation 3
Intermediation 2
Intermediation 1
Fiduciary standards
Basic
Project management
Grant award
On-lending/blending:
Loan
Equity
Guarantee
Blending
Projects
FP247
Adaptation
Multiple countries
Local Climate Adaptive Living Facility Plus (LoCAL+) – West Africa (Burkina Faso, Ivory Coast, Mali and Niger)
FP176
Cross-cutting
Niger (the)
Hydro-agricultural development with smart agriculture practices resilient to climate change in Niger
FP138
Mitigation
Senegal
ASER Solar Rural Electrification Project
FP105
Mitigation
Multiple countries
BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs
GCF scaling-up clean energy access through solar based mini-grids in Mali
23 Apr 2019 / Mali is a landlocked country in the Sahel belt of West Africa where 80% of the population in the rural areas do not have access to electricity, while those with access are getting most of the electricity from diesel generators. The country’s primary electricity grid is dominated by hydro and thermal generation, with an increasing share of fossil fuel in the generation mix. Despite the immense potential of solar resources in the country, it represents only 3% of the country’s installed capacity.
Address
68 Avenue de La Liberation, Lomé, 1172, Togo
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