Banque Ouest Africaine de Développement (West African Development Bank)

BOAD

  • Type Direct (Regional)
  • Date of accreditation 14 Oct 2016

The Banque Ouest Africaine de Développement (West African Development Bank, BOAD), is a regional financial institution with a mandate to promote development in West Africa and foster economic integration within the subregion. The entity delivers on its mandate by contributing towards the mobilization of domestic resources in its member state countries, outsourcing foreign capital through loans as well as providing funding through equity investments, loans, guarantees, and interest rebates. The entity uses the financial resources that it mobilizes to invest in public and private sector projects and programmes aimed at building basic and modern infrastructure, improving rural livelihoods, generating energy, and climate change adaptation and mitigation.

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending

Projects

FP176
Cross-cutting

Niger

Hydro-agricultural development with smart agriculture practices resilient to climate change in Niger

FP138
Mitigation

Senegal

ASER Solar Rural Electrification Project

FP105
Mitigation

Multiple countries

BOAD Climate Finance Facility to Scale Up Solar Energy Investments in Francophone West Africa LDCs

FP102
Mitigation

Mali

Mali solar rural electrification project

Documents

News + Stories

GCF scaling-up clean energy access through solar based mini-grids in Mali

23 Apr 2019 / Mali is a landlocked country in the Sahel belt of West Africa where 80% of the population in the rural areas do not have access to electricity, while those with access are getting most of the electricity from diesel generators. The country’s primary electricity grid is dominated by hydro and thermal generation, with an increasing share of fossil fuel in the generation mix. Despite the immense potential of solar resources in the country, it represents only 3% of the country’s installed capacity.

Contacts

Mr Elie Aloko
Director of the Environment and Climate Finance Direction (DEFIC)
68, av de la Liberation, Lome, Togo
Phone (228) 9999 8693/9350 9987
Phone (228) 2223 2757/ 2223 2692
ealoko@boad.org
Mr. Ibrahim Traore
Head of Climate Finance Division