The West African Development Bank (BOAD) has begun a four-day review of its project portfolio in Togo as it prepares to roll out a new regional investment programme worth CFA 6,500 billion, (US$10.7 billion) officials said on Wednesday.
The review, which opened in Lomé on Tuesday, is examining the implementation of BOAD-financed public and private sector projects in Togo, with a focus on identifying bottlenecks, accelerating execution and improving the effectiveness of development financing.
BOAD has mobilised more than CFA 1,100 billion (US$1.8 billion) for Togo since 1973, representing over 10 percent of its total commitments across the eight-member West African Economic and Monetary Union (UEMOA).
The funding has supported projects in key sectors including infrastructure, energy, agriculture and food security, making Togo one of the institution’s notable beneficiaries in the region.
The review comes as BOAD’s current development strategy, “Djoliba 2021–2025,” nears its end and the bank prepares to launch a new five-year programme aimed at deepening regional development financing.
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Over the course of the week, participants are expected to assess the progress of ongoing projects, examine those yet to be launched and propose corrective measures to improve implementation.
BOAD Deputy Director General Ourèye Sakho Eklo said the exercise was intended to provide a clear picture of the status of BOAD-backed investments in Togo while identifying operational constraints.
“This review focuses on the implementation status of BOAD-financed public and private projects in Togo,” she said.
Officials said the exercise is expected to help both the bank and the Togolese authorities align investment priorities with national development needs while ensuring that approved financing delivers measurable economic impact.
For the Togolese government, the review is also an opportunity to ensure that development financing translates into concrete outcomes for the population.
Representing the Ministry of Finance, Akou Mawussé Adetou Afidenyigba said the mission was not only about taking stock of current projects but also about jointly defining a practical roadmap to improve performance.
“This review mission provides an opportunity not only to take stock, but also to jointly define a roadmap to move faster, further and more effectively,” she said.
She added that the goal was to “turn financing into results, and results into sustainable development for the Togolese people.”
The meeting is expected to produce a joint roadmap to guide future investment and strengthen the impact of BOAD-supported projects on Togo’s economy.
The regional lender, headquartered in Lomé, plays a central role in financing development projects across UEMOA member states, particularly in areas seen as critical to growth, regional integration and resilience.
Its support has become increasingly important as West African governments seek to address infrastructure gaps, boost food security and expand access to energy while navigating fiscal pressures and global economic uncertainty.
For Togo, the portfolio review comes at a time when authorities are pushing to improve public investment efficiency and attract more financing into strategic sectors capable of supporting growth and job creation.
The launch of BOAD’s next regional programme is expected to shape the direction of development financing in the union over the coming years, with member states seeking stronger implementation and greater economic returns from approved projects.
