The West African Development Bank (BOAD), the development finance institution of member-countries of the West African Monetary Union (WAMU), has been admitted as a member of the Global Alliance Against Hunger and Poverty.
The global alliance being spearheaded by the Brazilian Presidency of the G20, seeks to eradicate hunger and poverty (SDGs 1 & 2) and reduce inequalities (SDG 10) by supporting low-income countries.
By joining the 197 members of the Alliance, which already includes 102 countries, 29 international organizations, 14 financial institutions, and 52 foundations, BOAD reaffirmed its commitment to strengthening food security efforts across West Africa.
A news report from the Africa Press Organisation (APO) Group on the admission of the bank into the global alliance, indicated the membership, approved in August 2025, would enable the BOAD to leverage international synergies and gain access to dedicated support mechanisms to achieve its objectives.
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The bank’s participation is anchored around two core pillars of the Alliance, namely financing and knowledge sharing.
Under the financing pillar, the bank will align its project financing objectives with the Alliance’s global effort, with a focus on food security in the sub-region while under the second pillar, BOAD, with over 50 years of experience serving the populations of WAEMU member countries, will contribute its technical expertise and operational know-how in the fight against food insecurity.
In return, the bank will benefit from the insights and experience of a vast network of partners dedicated to finding sustainable solutions to hunger and poverty worldwide.
Development experts believe that the latest collaboration with the Global Alliance Against Hunger and Poverty will allow BOAD to accelerate the implementation of high-impact programs, leveraging the policy tools and financial resources mobilized by the Alliance.
