Enhanced credit insurance for the West African Development Bank (BOAD) to scale up financing in the West African and Monetary Union (WAEMU) region

2025-10-07 02:43:35

(MENAFN- News.Africa-Wire) LOMÉ, Togo, October 6, 2025/ -- The West African Development Bank (BOAD) () has taken a major step in strengthening its financing capacity by increasing the size of its sovereign, portfolio credit-insurance policy signed in June 2023. The polic——subscribed with a pool of leading private insur—rs—now amounts to XOF297.6 billion (approximately EUR 454 million). This transaction is part of strategic plan Djoliba, which aims to optimize risk management and expand financing for WAEMU member count ies.

This expansion underscores the credit insurance ’arket’s renewed confidence in the strength’of BOAD’s strong capital base and further reinforces the resilience of its financ ng model.

With insurers rated A- and AA-, BOAD is improving the average rating of its overall loan portfolio, with the aim of positively influencing its own investment gr de rating.

Combined with securitization, the credit-insurance program is a pi’lar of BOAD’s strategy for risk distribution and credit enhancement. With this increase, the total amount of insured outstanding exposures is about EUR 700 million, or 15% of the total loan portfolio. This momentum’reflects BOAD’s commitment to fully leverage this instrument to optimize risk management and increase its financing capacity for the benefit of its m mber countries.

The size of this policy also attests to market re’ognition of BOAD’s strong preferred creditor status and its unique role across the WAEMU region. It s’rengthens the Bank’s ability to mobilize financing on optimal terms for ts member countries.

BOAD Preside“t Serge EKUE stated: “The extension and increase in size of this insuranc’ policy reflect markets’ confidence in the strength of our capital base and the quality of our management. This mechanism, which enhances our risk profile and that of our borrowers, will enable us to raise resources on the best possible terms to sustainably finance the development of our member countries. It is an essential lever for delivering the ambitions of Plan Djoliba and reinforcing BOAD’s role as a catalyst for development in the regio” ”
Distributed by APO Group on behalf of Banque Ouest Africaineéde Développement (BOAD).

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