Lomé, September 14, 2023. The Banque Ouest Africaine de Développement (BOAD) and the Association Professionnelle des Sociétés de Gestion et d’Intermédiation (APSGI) have signed a memorandum of understanding to work together, with a view to implementing synergies to support the revitalization of their financing and investment activities, and capture the opportunities offered by Green Finance.
As part of its efforts to increase its financing capacity, and strengthen the WAEMU zone’s resilience to climate change, the WADB has entered into a partnership with APSGI to : i) identify, prepare and evaluate projects, ii) structuring joint financing, iii) develop joint financial advisory services iv) share skills and best practices, and v) promote projects to combat climate change.
The signing ceremony for the collaboration agreement took place on Wednesday September 13, at the Noom Hôtel in Abidjan (Côte d’Ivoire), and was well attended by Sociétés de Gestion et d’Intermédiation from Côte d’Ivoire and all the countries in the UEMOA zone.
This partnership provides a formal response to the sub-region’s growing investment needs, and aims to seize the opportunities offered by Green Finance.
In line with its DJOLIBA strategic plan, BOAD aims to provide innovative solutions that are better adapted to the issues of sustainable and inclusive development, through the implementation of investment and financing mechanisms.
BOAD and APSGI intend to work together to define a framework for sharing and exchanging ideas, with the aim of integrating the opportunities generated by climate change.
About BOAD
The Banque Ouest Africaine de Développement (BOAD) is the joint development finance institution of the countries of the West African Monetary Union (WAMU). It was created by an agreement signed on November 14, 1973. BOAD became operational in 1976. The member states are: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Under the terms of the West African Economic and Monetary Union (WAEMU) treaty signed on January 10, 1994, which came into force on August 1, 1994, the WADB is a specialized and autonomous institution of the Union. It contributes independently to the achievement of WAEMU objectives, without prejudice to the objectives assigned to it by the WAEMU Treaty. According to Article 2 of its Articles of Association, BOAD is an international public institution whose purpose is to promote the balanced development of member states and contribute to the achievement of economic integration in West Africa.
For further information
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Email : boadsiege@boad.org
About APSGI
The Association Professionnelle des Sociétés de Gestion et d’Intermédiation de l’UEMOA (APSGI-UEMOA), created on December 3, 1998, is the representative body for IMSs in the eight (8) countries of the UEMOA. It currently comprises thirty-five (35) Sociétés de Gestion et d’Intermédiation (SGI). SGI contributes to the financing of WAEMU economies. They advise governments and private individuals on financial transactions. In particular, fund-raising, restructuring and so on. SGIs are also major players on the regional financial market.