17/06/2011 (Agence Europe) - Loan for investments in West Africa. On Thursday 16 June, the European Investment Bank formally agreed to grant a loan of €60 million in support of operations carried out by the West African Development Bank (WADB) for the public and private sectors. The EIB loan will be used mainly to support regional projects to promote economic integration in West Africa, particularly sub-projects related to the environment or renewable energy. The WADB is the development funding institution of the West African Economic and Monetary Union (UEMOA, its acronym in French). It operates in the eight member states of the organisation - Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. (O.L./transl.fl)