Board of directors of West African Development Bank (BOAD) met for its 100^th ordinary session at the headquarters of Central Bank of West African States in Dakar, Senegal. Christian ADOVELANDE, President of the Board and also BOAD’s, presided the meeting.

During the meeting, the board approved the record of its 99^th meeting held on December 14, 2015 in Niamey, Niger. It also approved the accounts for the year which closed on December 31, 2015. These accounts are now to be examined by the Council of Ministers of the West African Monetary Union.

Additionally, the bank approved seven mid and long term loans totaling FCFA100.575 billion, a short term loan of 17.92 billion CFA francs as well as share acquisition for a total amount of FCFA10 billion.

With the new operations, BOAD totals FCFA3,768.08 billion of mid and long terms funding corresponding to 768 transactions. In terms of short term funding, the bank totaled CFA238.9 billion with 27 transactions.

BOAD’s combined funding amounts to FCFA4,006.9 billion for 795 transactions.