Mission
The BOAD released a revised mission statement in 2001, refocusing their funding on three development goals: poverty reduction, economic integration and promotion of private sector activity. The bank disburses long- and medium-term loans, previously available only to BOAD member governments and public institutions, are since 2002 also offered to private businesses involved in development projects of regional importance as well as lines of credit to finance Micro-credit projects and small to medium private enterprises. The BOAD also funds debt-relief programs to member governments with the agreement that funds are instead diverted to health programmes particularly those dealing with HIV/AIDS, education and infrastructure improvements.
Read more about this topic: West African Development Bank
Famous quotes containing the word mission:
“We never can tell how our lives may work to the account of the general good, and we are not wise enough to know if we have fulfilled our mission or not.”
—Ellen Henrietta Swallow Richards (1842–1911)
“The mission of the United States is one of benevolent assimilation.”
—William McKinley (1843–1901)
“I cannot be a materialist—but Oh, how is it possible that a God who speaks to all hearts can let Belgravia go laughing to a vicious luxury, and Whitechapel cursing to a filthy debauchery—such suffering, such dreadful suffering—and shall the short years of Christ’s mission atone for it all?”
—D.H. (David Herbert)