Discussions focused on BOAD
ambitions for the coming years, as expressed in its Strategic Plan for 2015-2019.
The Forum will be led by three host organisations: BOAD
(West African Development Bank), GFCL (Global Finance & Capital Limited), and UEMOA.
Sullivan, managing director, head of Africa public sector who represented Citi at the ceremony, declared: "True to its longstanding commitment to providing innovative and best-in-class solutions to governments globally, Citi is delighted to support the Republic of Senegal's financing requirements and to work with the ICD, the BOAD
and the regional regulators on this ground-breaking Sukuk transaction in the WAEMU region.
We must acknowledge that the investment made by BOAD
has laid the foundation for this strong and positive development.
enjoys preferred creditor status with these states.
(West African Development Bank) will provide medium and long-term loans of XOF1,100bn ($2m) over 2015-18, focusing on co-funding, financing arrangements and promotion of public-private partnerships, and approving a total amount of XOF44bn: ($79.
UEMOA commission, and AFD secondees to BOAD
and UEMOA consultants.
These resources will enable BOAD
to finance imports of goods from Arab countries by WAEMU member States.
95 per cent interest, net of taxes and may be purchased at BOAD
headquarters in Lome, at its resident missions located in the buildings of the national agencies of the BCEAO, or through WAEMU-approved MICs.
The objective of the project is to assist BOAD
facilitate an expansion in the reach of housing finance across all income groups in WAEMU countries.
During the Forum, a strategic partnership agreement (SPA) was made between UEMOA, BOAD
and GFCL to create a company responsible for managing project execution and timelines, and to continue to seek foreign direct investment for future projects in the region.
The Sponsor of CRRH-UEMOA is the West African Development Bank ( BOAD