For the second year in a row, the economic and social impacts of the health crisis are being felt around the world. However, the stimulus measures taken by all stakeholders including governments, central banks and international and regional financial institutions, have made possible to contain the impact and put economies back on track for growth. The growth rate of the world economy has been set at 5.9% in 2021, after a contraction of 3.1% in 2020. I welcome this strong commitment at the global level, which has enabled us to start 2022 with greater confidence.
In the WAEMU region, economic activity increased by 6.1% in 2021 compared to 1.8% in 2020, driven by the good dynamics of all sectors of activity and the implementation of COVID-19 response and economic recovery plans in the various member countries.
BOAD played its full role in the recovery while directing its contributions to the sectors and areas in which it plans to strengthen its support, whilst making sure to align them with its societal commitment. A total of XOF439.4 billion was made available to the region’s economies, specifically for financing in priority areas such as transport and digitization, agriculture and food security, energy and natural resources, education and health, real estate and housing, thereby targeting the majority of the sustainable development goals (SDGs 1- 13 and 15).
