BOAD president seeks to bolster bank finances in aim to support regional recovery

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By Mariam Meskin
08 Apr 2021

Development banks across the world — and especially those in Africa — have proven to be indispensable sources of relief during the last year. Though Africa has a wealth of challenges to economic recovery, the West African Development Bank, also known as Banque Ouest Africaine de Développement (BOAD), has high ambitions for the year ahead. The bank’s president Serge Ekué spoke to GlobalCapital about these ambitions, including an imminent capital raise.

Developing countries have surprised the world over the last year, displaying robust defences against the coronavirus pandemic that has wrought havoc across the world.

In Togo alone, where BOAD is headquartered, there have been only 11,500 confirmed cases of Covid-19 — a number that most developed economies surpassed within ...

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