West African Development Bank

West African Development Bank
Banque Ouest Africaine de Développement (French)
AbbreviationBOAD
Formation14 November 1973 (1973-11-14)
TypeDevelopment finance institution
Legal statusTreaty
HeadquartersLomé, Togo
Region
West Africa
Membership
8 countries
Chairman of the Board of Directors and President of BOAD
Serge Ekue
AffiliationsWest African Monetary Union
Staff
291 (2013)
Websitewww.boad.org/en
BOAD, Lomé, Togo, 1981

The West African Development Bank - WADB (fr. Banque Ouest Africaine de Développement - BOAD / pt. Banco de Desenvolvimento do Oeste Africano - BDOA) was established in 1973 to serve the nations of Francophone and Lusophone West Africa. The BOAD is organised by the Central Bank of West African States and its eight member governments: Benin, Burkina Faso, Guinea Bissau, Côte d'Ivoire, Mali, Niger, Senegal and Togo. It is funded by member states, foreign governments and international agencies. Its headquarters are in Lomé, Togo.