The West African Development Bank (BOAD) is the joint development financing institution of the West African Monetary Union (WAMU) member states. It was established by an agreement signed on 14 November 1973. BOAD became operational in 1976. Its member states are: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
By the Treaty of the West African Economic and Monetary Union (WAEMU) signed on 10 January 1994 and entered into force on 1 August 1994, BOAD is a specialized and autonomous institution of the Union. It contributes in complete independence to the achievement of the objectives of WAEMU without prejudice to the objectives assigned to it by the WAEMU Treaty.
BOAD is a public institution of an international nature whose purpose, under Article 2 of its Statutes, is to promote the balanced development of member States and to contribute to the achievement of economic integration in West Africa.
Sector
Accounting, Administration, Banking, Finance and investment, Other
