According to bank provided information, the investment involves an increase of EIB's existing 0.4% equity stake in the West African Development Bank by a direct equity investment of up to USD 28 million to reach a shareholding of at least 1% after the West African Development Bank's capital increase.
The capital increase shall support the implementation of the West African Development Bank's current 5-year strategic plan and therewith ensure a competitive source of public financing for the region.
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*Contact information not provided at the time of disclosure*
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