Overview

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

Commitments (Constant USD, 2023)$162,190,294

Commitment Year•2023Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2023

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Intergovernmental Organizations

West African Development Bank (WADB/BOAD)

Implementing agencies

Intergovernmental Organizations

West African Development Bank (WADB/BOAD)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.