West African Development Bank

West African Development Bank

Banque Ouest Africaine de Développement (French)
West African Development Bank headquarters, 2014
West African Development Bank map
Abbreviation	BOAD
Formation	14 November 1973 (1973-11-14)
Type	Development finance institution
Legal status	Treaty
Headquarters	Lomé, Togo
Region	West Africa
Membership	8 countries
Chairman of the Board of Directors and President of BOAD	Serge Ekue
Affiliations	West African Monetary Union
Staff	291 (2013)
Website	www.boad.org/en

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.