On 2 August last year, Cassa Depositi e Prestiti (CDP), the Italian bank for deposits and deposits, invested 100 million euros in a hybrid bond issued by the West African Development Bank via the Italian Climate Fund.

The transaction, in euros, is a world first for a multilateral development bank. Indeed, the funds will be used exclusively to finance projects to combat climate change, in this case renewable energy projects in West Africa. It is the second hybrid bond issued by the. BOAD The Arab Bank for Economic Development in Africa (Badea) style="font-family: "Bookman Old Style”, "serif"> also subscribed 100 million in 2023, but in dollars. According to Serge Ekué, these hybrid investments, considered by the rating agencies as a capital increase but which have the advantage of not diluting the Bank's shareholding structure, “will help the BOAD to strengthen its capital structure and therefore its rating profile.” President Dela hopes BOAD to reach 600 million euros of hybrid capital by 2025.