The BOAD mobilized approximately 630 billion F CFA in 2017, (President)

APA – The West African Development Bank (BOAD) mobilized some FCFA 630 billion in 2017, of which FCFA 550 billion was invested for the benefit of the economies of the zone, announced Thursday, Abidjan, its president, Christian Adovelande.

million. Adovelande expressed satisfaction at a meeting with Ivorian President Alassane Ouattara, who is also the current President of the Conference of Heads of State and Government of the West African Economic and Monetary Union (UEMOA)

. Lactivit remained strong in 2017 with a intervention level for the benefit of the economy of the zone for 550 billion FCFA, an increase of 30% compared to the situation in 2016, he explained

The interventions of the BOAD concern priority sectors including energy, transport, the private sector and finance, said President Christian Adovelande, reassuring that the bank is doing very well.

Regarding the Ivory Coast, the volume of commitment amounts to 985 billion CFA francs for 156 operations. In 2017, we financed 8 operations in Ivory Coast for about 74 billion CFA francs, added the boss of BOAD.

The BOAD is a specialized institution common to the eight states of the Economic and Montane Union (UEMOA) that Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. It was created in 1973.

SY / ls / APA