The hydraulic central cover. (DR) The Board of Directors of the West African Development Bank (Boad) held on Tuesday, November 24, 2020, by videoconference, its 119th ordinary session under the chairmanship of the Chairman of the Board of Directors, President of the bank, Serge Ekué.

During this meeting, according to the press release produced for this purpose, the Board examined and approved five new operations for an amount of 50 billion CFA francs, thus bringing to 6228 billion FCfa, the total commitments (all operations combined) of Boad since the start of its activities in 1976.

The loans approved by the bank during this ordinary session relate to the partial financing of projects such as the sedentarization of ruminant herds (ProSeR), Phase 1 in Benin.

The overall objective of the project is to contribute to the improvement of animal production and the rational management of farms. Amount of the operation: 10 billion FCfa.

In Mali, the project focuses on the rehabilitation of the hydro-electric facilities in Sélingué and Sotuba. The objective of the project is to contribute to the regular supply of electrical energy at a lower cost. Amount of the operation: 10 billion FCfa.

In the same country, another project on the establishment of a refinancing line for the Malian Solidarity Bank (Bms) as part of the program to revive the activities of WAEMU companies following the health crisis related to Covid-19. Amount of the operation: 10 billion FCfa.

Also, the establishment of a refinancing line for the National Bank for Agricultural Development (Bnda) in Mali, as part of the program to revive the activities of WAEMU companies following the health crisis related to Covid-19. Amount of the operation: 10 billion FCfa.

For the last project, it is the establishment of a third refinancing line in favor of Coris bank international SA (Cbi SA) in Burkina Faso.

The line is intended for the refinancing of productive investment projects in sectors eligible for financing by the bank and is part of the third program initiated by Boad and Kfw to support micro, small and medium-sized enterprises in the WAEMU by improving their access to financing through the banking sector. commercial. Amount of the operation: 10 billion FCfa.

According to the note, Serge Ekué, at the close of the work, on behalf of the Board of Directors, thanked all the stakeholders for their mobilization and the technical means made available for the holding of this session in the best conditions.