PANAPRESS
Panafrican News Agency
Togo: WADB outlines five-year strategic plan
Lomé, Togo (PANA) – The West African Development Bank (WADB) on Thursday outlined a five-year strategic plan (2015-2019) which is aimed at turning it into a strong development bank for integration and economic transformation in West Africa.
Addressing a news conference at its headquarters in Lome, the president of the bank, Christian Adovelande, said the plan focused on four main areas.
These are accelerating regional integration through sustainable financing of infrastructure; support for inclusive growth, food security and sustainable development; helping companies and governments, the development of financing and service engineering; and improvement of the process to mobilize resources.
Adovelande said WADB was therefore considering mobilizing resources to finance development of the sub-region.
He lauded the bank's achievements over the past five years saying, "we have succeeded in achieving 45% of what we did in 40 years".
Adevelande said the bank had achieved international credibility, with international ratings agencies Moody’s and Fitch classifying it as an investment bank with stable prospects.
WADB, set up on 14 November 1973, is a public international financial institution with the goal to "promote the balanced and sustainable development of its member countries to achieve West Africa’s economic integration through the financing of priority development projects".
-0- PANA FAA/BEH/MSA/MA 23July2015
Addressing a news conference at its headquarters in Lome, the president of the bank, Christian Adovelande, said the plan focused on four main areas.
These are accelerating regional integration through sustainable financing of infrastructure; support for inclusive growth, food security and sustainable development; helping companies and governments, the development of financing and service engineering; and improvement of the process to mobilize resources.
Adovelande said WADB was therefore considering mobilizing resources to finance development of the sub-region.
He lauded the bank's achievements over the past five years saying, "we have succeeded in achieving 45% of what we did in 40 years".
Adevelande said the bank had achieved international credibility, with international ratings agencies Moody’s and Fitch classifying it as an investment bank with stable prospects.
WADB, set up on 14 November 1973, is a public international financial institution with the goal to "promote the balanced and sustainable development of its member countries to achieve West Africa’s economic integration through the financing of priority development projects".
-0- PANA FAA/BEH/MSA/MA 23July2015
