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    Signature(s)

    Amount
    € 54,600,000
    Countries
    Sector(s)
    Regional - West Africa : € 54,600,000
    Credit lines : € 25,000,000
    Services : € 29,600,000
    Signature date(s)
    10/12/2004 : € 4,600,000
    10/12/2004 : € 25,000,000
    10/12/2004 : € 25,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    28 July 2004
    Status
    Reference
    Signed | 10/12/2004
    20030186
    Project name
    Promoter - financial intermediary
    BOAD IV Global Loan
    West African Development Bank (BOAD).
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Indicative amounts: EUR 25 million for the Global Loan from EIB own resources; EUR 25 million for the Guarantee Facility made available under the Investment Facility; EUR 4.6 million for the participation in the capital increase (IF).
    The EIB loan will cover a maximum of 50% of the total cost of each project financed.
    Description
    Objectives

    • Global loan to finance projects promoted by enterprises in the private and commercial public sectors in WAEMU member countries.
    • Guarantee facility in the form of i) a partial guarantee for BOAD loans to enterprises and ii) a partial counter-guarantee for BOAD guarantees on an enterprise's bond issues or similar securities.
    • Participation in BOAD's capital increase drawing on Investment Facility resources: from 0.3% to 0.6% of capital.

    To underpin and develop West African Development Bank (BOAD) operations in support of the private sector, promote a wider gamut of financial instruments and bolster the regional capital market.

    Environmental aspects
    Procurement

    The policy and procedures manual for environmental management, recently adopted by BOAD's Board of Directors, is satisfactory.

    The Bank's procurement rules for global loans will apply.

    Comments

    Industrial, agribusiness, mining, tourism and service sectors.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Other links
    Data sheet
    Summary sheet

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