Active Development AidData Chinese Aid

CDB provides EUR 150 million credit facility to BOAD for on-lending purposes in 2023

€150M EUR

Funder	China Development Bank (CDB)
Recipient Organization	West African Development Bank (WADB/BOAD)
Country	Africa, regional
Start Date	Sep 01, 2023
End Date	Jul 31, 2031
Duration	2,890 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108873`

Grant Description

CDB provides EUR 150 million credit facility to BOAD for on-lending purposes in 2023 In September 2023, China Development Bank (CDB) and Banque Ouest Africaine de Développement (BOAD, or the West African Development Bank) signed a EUR 150 million credit facility agreement for on-lending purposes.

The loan proceeds were intended to finance transport infrastructure, information and communication technology (ICT), renewable energy, health, education, agriculture, and food security projects across West Africa.

📋 Staff Comments

This CDB borrowing was not included in the Chinese Loans to Africa (CLA) Database — maintained by Boston University's Global Development Policy Center — as of September 2024.

📚 Sources & References

137th BOAD Board of Directors: Directors authorize over CFAF 90 billion in new commitments and examine the granting of resources to the Bank., 137ème Conseil d’Administration de la BOAD : Les administrateurs autorisent plus de 90 milliards FCFA de nouveaux engagements et examinent l’octroi de ressources en faveur de la Banque.
La BOAD sécurise 365 millions d’euros de financements de partenaires chinois, italien, émirati et français
La BOAD obtient une enveloppe de soutien de 339 milliards FCFA auprès des partenaires
中国一带一路网：国开行：深化金融合作服务共筑高水平中非命运共同体 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.