The board of directors of the West African Development Bank (BOAD) approved on Wednesday December 18 336 billion FCFA (532.7 million $) in financing. This sum was secured by the institution.

Ces ressources parviennent du partenariat avec la KfW, la banque allemande de développement, et The Japan International Cooperation Agency (JICA) . They will feed into strategic projects in the UEMOA. The objective is to give a boost to small businesses, digital technology and infrastructure. These funds will pass through UEMOA financial institutions: banks, financial and microfinance institutions, to offer loans to MSMEs, often excluded from traditional financing. The board also approved a loan and a grant of 13.5 million euros from KfW, intended for the second phase of the Digital Transformation Fund in West Africa (