in Short
Climate change : ICIEC and BOAD partnership
![](https://africa-news-agency.com/wp-content/uploads/2023/12/SIACE-et-la-BOAD-780x470.jpg)
At COP28, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer, and the West African Development Bank (BOAD) signed a Memorandum of Understanding (MOU) which lays the groundwork for a synergistic partnership facilitating large-scale investments and bolstering economic and social development across common member states of ICIEC and BOAD.
“The focus will be on ICIEC providing insurance and credit enhancement solutions in common member states and supporting BOAD’s financing operations » said Serge EKUE, President of BOAD.