BOAD seals €30m private sector deal with Development Bank of Austria

Region:

Middle East & Africa

The West African Development Bank (BOAD) and the Development Bank of Austria (OeEB) have signed a deal to inject €30 million (about $35.5 million) into the West African Economic and Monetary Union.

It came as the OPEC Fund for International Development also announced that it had signed a framework agreement with BOAD with the aim of improving it actions for development in WAEMU states.

BOAD also approved the creation of a €350 million fund by Societe Generale and JP Morgan, out of which €200 million will be devoted to the private sector.

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