Printer Friendly

EIB lends $85m to BOAD.

The European Investment Bank (EIB) has approved a loan of E60m (about $85m) to the West African Development Bank (BOAD). The loan is said to be for "backing the operations carried out by BOAD for the private and public sectors in the sub-region".

The EIB loan wi l l par t icu la rly help support regional projects to strengthen West Africa's regional integration, particularly small projects linked to the environment or renewable energy sources. The EIB deputy-governor responsible for the operations in sub-Saharan Africa, the Caribbean and the Pacific, Plutarchos Sakellaris, stressed that the loan "will help finance essential projects for economic growth in West Africa and improve several technical operations implemented in specialised sectors".

Copyright IC Publications 2011

Provided by an company
COPYRIGHT 2011 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:African Banker
Date:Jul 30, 2011
Previous Article:FNB to open in India.
Next Article:AfDB $500m line to Nigeria's BOI.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |