BOAD joins Finance in Common Coalition to fight gender inequality

Economic governance
Wednesday, 15 March 2023 18:20
BOAD joins Finance in Common Coalition to fight gender inequality

(Togo First) - The Banque Ouest Africaine de Développement (BOAD) has joined the Finance in Common Coalition (FICS) to fight gender inequality. 

The African Development Bank (AfDB), a leading development finance institution in the UEMOA zone based in Lomé, Togo, has joined the Finance in Common Coalition (FICS), co-chaired by UN Women and the African Development Bank (AfDB), to fight gender inequality.

"Through this signature announced on October 20, 2022, by the circle of Women Leaders of the FICS Coalition, the BOAD commits to work with other Banks and Development Financial Institutions, members of the FICS Coalition, and to make their coordination and mobilization actions efficient, in favor of the fight against gender inequalities and the empowerment of women and girls,” the BOAD wrote in a statement dated March 13, 2023. 

By joining the coalition, the BOAD aims to improve access to employment opportunities, promote equal access to financial services, and more broadly, financing, in favor of gender equality, women's rights, and their empowerment, catalysts for sustainable development and economic resilience in our region.”

The BOAD will collaborate with other development banks and financial institutions to improve their actions against gender inequality and empower women and girls. 

BOAD’s adhesion to the FICS aligns with its DJOLIBA Strategic Plan (2021-2025) and its gender policy, which aims to promote gender equality and women's empowerment in the sub-region. 

Ayi Renaud Dossavi

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