The West African Development Bank (WADB) and the Société Générale Group are joining forces to optimize their interventions in the WAEMU. Thus, Serge EKUE, President of WADB and Georges WEGA, Deputy Director of International Banking Networks, Africa, Mediterranean Basin and Overseas Region of the Sociétee Générale Group, signed a memorandum of understanding aimed at establishing a cooperation framework for the pursuit of their respective mandates in the Uemoa zone. According to the press release published in this context, this partnership framework will allow the development of synergy effects necessary to provide adequate responses to the development issues of member countries.

It will focus on two pillars in particular, says the document. The first is upstream information sharing and the establishment of a sustained commercial dialogue between the teams of the two institutions with a view to identifying opportunities for co-financing, co-arranging, advising and structuring projects with sovereign and non-sovereign clients. The second pillar relates to "sharing experiences in the form of cooperation between experts and technicians, joint appraisal and evaluation of projects and the organization of seminars or training courses in one or the other of our institutions".