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BOAD: More than 81 billion FCFA to support Senegal, Mali and Côte d'Ivoire

22/03/2021
Categories: Economy/Forex

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Southenia, Mali and Côte d'Ivoire received a total of 81.106 billion CFA francs from the West African Development Bank (BOAD). This loan was approved by the BOAD Board of Directors at its ordinary session on 17 March.

81.106 billion CFA francs to the economies of three BOAD member countries, of which 21.106 billion CFA francs will go to Senegal, 40 billion CFA francs to Mali and 20 billion CFA francs to Côte d'Ivoire.
In a statement, the financial institution of the West African Economic and Monetary Union (WAEMU) headquartered in Lomé said that six loan proposals have been approved for these three countries.

South share of Senegal will improve quality and equity in education with the construction of 1,528 classrooms.

For Mali, three loans have been approved for a total amount of 40 billion CFA francs, of which 15 billion are intended to finance a road project in the city of Sévaré. Fifteen billion will be used to finance an urban section in Bamako and a refinancing line of 10 billion CFA francs has been approved in favor of Coris Bank International Mali.

Ocune d'Ivoire has received two refinancing lines for a total of 20 billion CFA francs, in favor of Bridge Bank Group Côte d'Ivoire and BGFIBank Côte d'Ivoire respectively. The new approvals bring to 6,335.168 billion CFA francs.

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