Nufarmer Africa Magazine Sept/Oct 2014 | Page 20

Nufarmer Africa The West African Development Bank Mr Christian Adovelande (BOAD) grants its first two loans for crop insurance The Board approved seven operations involving a total amount of FCFA30.340 billion T he Board of Directors of the West African Development Bank (BOAD) held its 94th ordinary meeting in Lomé, under the chairmanship of Mr Christian Adovelande, President, and Chairman of the Board of Directors. Following the adoption of the minutes of its 93rd Board meeting held in Dakar, the Board considered and approved the General Directives for updating the 2014-2018 financial outlook and preparing BOAD’s 2015-2017 programme budget. In addition, the Board approved seven operations involving a total amount of FCFA30.