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The Banque Ouest Africaine de Développement (West African Development Bank) is an international multilateral development bank established in 1973 to serve the nations of Francophone and Lusophone West Africa. It is funded by member states (Benin, Burkina-Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo), foreign governments and international agencies.
BOAD focuses on three development goals: poverty reduction, economic integration and promotion of private sector activity. The bank disburses long- and medium-term loans, previously available only to BOAD member governments and public institutions, but now also available to private businesses involved in development projects of regional importance as well as lines of credit to finance microcredit projects and small and medium enterprises.
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