On March 26, Japan International Cooperation Agency (JICA) signed a loan agreement with the West African Development Bank (“BOAD”), a development finance institution in the West African region, and held a signing ceremony on May 15, 2025 in Lome, the capital of the Republic of Togo.
The project will be co-financed with Sumitomo Mitsui Banking Corporation (SMBC) and will be implemented based on the Sustainable Finance Framework with SMBC.
Signing Ceremony
Project Summary
Loan recipient
West African Development Bank（BOAD)
Country (region covered)
West Africa
Loan amount (maximum)/Investment
200 million euros
Project Name
West Africa Growth Ring Promotion Project
Business Objectives
By providing long-term financing to BOAD in West Africa, this project aims to promote infrastructure development, including projects proposed in the West Africa Growth Ring Corridor Master Plan, thereby contributing to economic integration and job creation in the region.
Business Overview
The JICA loan in this project will be sub-loaned as a loan for infrastructure development in BOAD member countries as part of the financing for infrastructure development in the West African region.
Contribution to SDGs
Goal 9 (Industry and Innovation)
Goal 17 (Partnership)
© Source JICA
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