The West African Development Bank (BOAD) a approved two new refinancing lines worth a total of 25% billion FCFA ($44.2 million) in favor of BGFI Bank Côte d'Ivoire and the Malian Solidarity Bank (BMS SA).

The new lines of financing operations are part of the regional bank's strategy to support economies of the UEMOA through the targeted financing of sectors productive and small businesses.

Indeed, la BOAD with A short-term refinancing line is available to BGFI Bank Côte d'Ivoire A term of 10 billion FCFA intended for the partial financing of cocoa campaigns and cashew 2025-2026. This envelope aims to strengthen financial resources. of the bank, in order to enable it to meet the cash flow needs of its customers operating in the country's two main export chains. According to the BOAD , this operation will contribute to “supporting the liquidity of the banking sector and to stabilizing agricultural incomes” in a context marked by volatility world commodity prices.

As for BMS SA Mali, it will benefit from a line of refinancing of 15 billion FCFA, intended to support the financing of micro, small and medium-sized enterprises (MSMEs) and to be developed off-grid solar electrification. This financial assistance aims to improve access to credit for local economic actors while promoting private investment in the renewable energy sector, a priority for the country's energy transition.

noted that this news lines are part of the “Djoliba 2021-2025” strategy from Mso-bidi-language:ar-sa"> the BOAD ; mso-fareast-font-family:calibri; mso-fareast-theme-font:minor-latin; mso-bidi-font-family: “Times New Roman”; mso-bidi-theme-font:minor-bidi; mso-ansi-language:fr; Mso-fareast-language:en-us; Mso-bidi-language:ar-sa">, focused on strengthening of economic resilience and the promotion of sustainable financing in the UEMOA space