Release date: 30 March 2010
Promoter – Financial Intermediary
West African Development Bank (BOAD)Location
Description
Credit line in support of financing public infrastructure and private sector projects.
Objectives
BOAD aims to promote the balanced development of its Member States and the economic integration of West Africa. Its financing of public infrastructure projects and the private sector contributes to the economic development of the WAEMU zone.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 60 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
As far as the management of environmental and social issues in project financing is concerned, BOAD has adopted procedures in line with those applicable in multilateral development financing institutions, which are updated on the basis of performance criteria and other internationally recognised principles (the Equator Principles).
Procurement
The equipment, services and works for the supported projects will be selected in accordance with appropriate procedures – international or national invitations to tender or consultations – taking into account the specific features of the projects.
Status
Signed - 15/06/2011
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).