WAEMU Affordable Housing Finance

Abstract*

The development objective of the WAEMU Affordable Housing Finance Project for Western Africa is to expand access to long-term housing finance in WAEMU, including for undeserved households.the project will have a financing component (IDA scale-up facility credit to the West African Development Bank -Boad) and a technical assistance component (regional IDA grant to WAEMU).the IDA suf credit to BOAD requires a waiver from the board.although IDA financing... Show More

Development Objective

The development objective is to expand access to long-term housing finance in WAEMU, including for underserved households.

Key Details

Project Details

Project ID
P161658
Status
Closed
Team Leader
Mazen Bouri , Anne Marynczak
Borrower 2
BOAD,WAEMU

Country
Western and Central Africa
Disclosure Date
January 5, 2017
Approval Date
(as of board presentation)
September 28, 2017
Effective Date
December 21, 2017

Total Project Cost 1
US$ 523.00 million
Implementing Agency
WAEMU Commission,CRRH
Region
Western and Central Africa
Fiscal Year 3
2018

Commitment Amount
US$ 155.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2024

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
December 15, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Finance for Development100%
- FY17 - Housing Finance100%

FY17 - Private Sector Development

FY17 - Public Private Partnerships32%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	130.00
IDA Grant	25.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	155.00
IBRD + IDA Commitment	155.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	523.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 15, 2020	IDA-D2360	Loan Disb	265,307.80
Apr 15, 2020	IDA-D2360	Loan Disb	1,221,961.40
Apr 16, 2020	IDA-D2360	Loan Disb	321,659.40
May 15, 2020	IDA-61410	Int Charges	260,481.94
May 15, 2020	IDA-61410	Int Charges	243,116.45
May 15, 2020	IDA-61410	Int Charges	84,480.19
May 15, 2020	IDA-61410	Int Charges	285,565.38
Jun 25, 2020	IDA-D2360	Loan Disb	549,813.30
Oct 15, 2020	IDA-61410	Int Charges	91,473.63
Oct 15, 2020	IDA-61410	Int Charges	309,566.12
Oct 15, 2020	IDA-61410	Int Charges	282,374.50
Oct 15, 2020	IDA-61410	Int Charges	263,549.53
Mar 10, 2021	IDA-61410	Loan Disb	21,225,436.00
Mar 15, 2021	IDA-61410	Loan Disb	-21,295,942.00
Mar 15, 2021	IDA-61410	Loan Disb	21,295,942.00
Mar 10, 2021	IDA-D2360	Loan Disb	502,541.80
Mar 10, 2021	IDA-D2360	Loan Disb	395,531.53
Dec 21, 2020	IDA-D2360	Loan Disb	297,656.40
Jan 8, 2018	IDA-61410	Fee Charges	347,594.00
Feb 28, 2018	IDA-61410	Loan Disb	21,810,022.00
Feb 26, 2018	IDA-61410	Loan Disb	22,019,760.00
Feb 28, 2018	IDA-61410	Loan Disb	-21,810,022.00
Jun 4, 2018	IDA-D2360	Loan Disb	527,742.56
Jun 7, 2018	IDA-D2360	Loan Disb	1,127,019.10
Apr 26, 2018	IDA-61410	Int Charges	112,887.27
Sep 28, 2017	IDA-61410	Loan Commitment	130,000,000.00
Sep 28, 2017	IDA-D2360	Loan Commitment	25,000,000.00
Jul 7, 2023	IDA-61410	Loan Disb	22,875,300.00
Jul 7, 2023	IDA-61410	Loan Disb	-22,875,300.00
Jun 30, 2023	IDA-61410	Loan Disb	22,791,300.00
Oct 18, 2023	IDA-61410	Int Charges	261,294.44
Oct 18, 2023	IDA-61410	Loan Repay	376,849.20
Oct 18, 2023	IDA-61410	Int Charges	12,048.77
Oct 18, 2023	IDA-61410	Int Charges	20,862.17
Oct 18, 2023	IDA-61410	Int Charges	278,868.40
Oct 18, 2023	IDA-61410	Int Charges	254,373.20
Oct 18, 2023	IDA-61410	Int Charges	237,415.00
Oct 18, 2023	IDA-61410	Int Charges	167,697.89
Oct 18, 2023	IDA-61410	Int Charges	115,250.94
Oct 18, 2023	IDA-61410	Int Charges	222,246.02
Nov 17, 2023	IDA-D2360	Loan Disb	687,397.90
Nov 17, 2023	IDA-D2360	Loan Disb	59,386.28
Oct 23, 2023	IDA-D2360	Loan Disb	288,326.88
Jan 18, 2024	IDA-D2360	Loan Disb	166,500.00
Nov 27, 2023	IDA-D2360	Loan Disb	139,803.81
Jul 25, 2024	IDA-61410	Loan Disb	-1,410,630.00
Jul 25, 2024	IDA-61410	Loan Disb	1,410,630.00
Jul 29, 2024	IDA-D2360	Loan Disb	112,560.00
Mar 19, 2024	IDA-D2360	Loan Disb	86,670.23
Jul 23, 2024	IDA-61410	Loan Disb	1,412,060.00
Jun 28, 2024	IDA-D2360	Loan Cancel	7,273,830.00
Apr 17, 2024	IDA-61410	Int Charges	483,702.12
Apr 17, 2024	IDA-61410	Loan Repay	379,812.30
Apr 17, 2024	IDA-61410	Int Charges	512.65
Apr 17, 2024	IDA-61410	Int Charges	93.69
Apr 17, 2024	IDA-61410	Int Charges	275,439.88
Apr 17, 2024	IDA-61410	Int Charges	256,373.30
Apr 17, 2024	IDA-61410	Int Charges	239,281.75
Apr 17, 2024	IDA-61410	Int Charges	169,016.47
Apr 17, 2024	IDA-61410	Int Charges	116,157.13
Apr 17, 2024	IDA-61410	Int Charges	223,993.52
Jul 31, 2024	IDA-D2360	Loan Disb	1,894,139.20
Jul 31, 2024	IDA-D2360	Loan Disb	213,380.42
Jul 31, 2024	IDA-D2360	Loan Disb	81,703.41
May 23, 2024	IDA-61410	Loan Disb	-992,216.60
May 23, 2024	IDA-61410	Loan Disb	992,216.60
May 23, 2024	IDA-61410	Loan Disb	-992,216.60
Aug 18, 2022	IDA-D2360	Loan Disb	74,213.07
Aug 4, 2022	IDA-D2360	Loan Disb	1,974,170.80
Oct 21, 2022	IDA-D2360	Loan Disb	148,597.58
Oct 21, 2022	IDA-D2360	Loan Disb	92,477.05
Dec 22, 2022	IDA-D2360	Loan Disb	32,312.54
Dec 22, 2022	IDA-D2360	Loan Disb	80,390.03
Oct 18, 2022	IDA-61410	Int Charges	32,329.76
Oct 18, 2022	IDA-61410	Int Charges	1,936.50
Oct 18, 2022	IDA-61410	Int Charges	259,424.77
Oct 18, 2022	IDA-61410	Int Charges	236,637.45
Oct 18, 2022	IDA-61410	Int Charges	220,861.62
Oct 18, 2022	IDA-61410	Int Charges	156,005.44
Oct 18, 2022	IDA-61410	Int Charges	107,215.25
Oct 18, 2022	IDA-61410	Int Charges	112,564.04
Apr 19, 2023	IDA-D2360	Loan Disb	267,691.34
Apr 19, 2023	IDA-D2360	Loan Disb	535,382.60
Apr 19, 2023	IDA-D2360	Loan Disb	45,990.14
Apr 18, 2023	IDA-61410	Int Charges	29,265.23
Apr 18, 2023	IDA-61410	Int Charges	290,016.80
Apr 18, 2023	IDA-61410	Int Charges	264,542.38
Apr 18, 2023	IDA-61410	Int Charges	246,906.20
Apr 18, 2023	IDA-61410	Int Charges	174,402.00
Jan 10, 2019	IDA-61410	Loan Disb	-20,578,372.00
Jan 10, 2019	IDA-61410	Loan Disb	20,578,372.00
Oct 26, 2018	IDA-61410	Int Charges	72,844.30
Oct 26, 2018	IDA-61410	Int Charges	139,625.66
Oct 26, 2018	IDA-61410	Int Charges	299,831.10
Jan 4, 2019	IDA-61410	Loan Disb	20,369,528.00
Feb 26, 2019	IDA-61410	Loan Disb	20,284,740.00
Feb 21, 2019	IDA-61410	Loan Disb	20,259,750.00
Oct 15, 2018	IDA-61410	Int Charges	1,242.15
Oct 15, 2018	IDA-61410	Int Charges	5,564.14
Feb 26, 2019	IDA-61410	Loan Disb	-20,284,740.00
May 2, 2019	IDA-61410	Int Charges	115,966.79
May 2, 2019	IDA-61410	Int Charges	3,599.20
May 2, 2019	IDA-61410	Int Charges	295,934.44
May 2, 2019	IDA-61410	Int Charges	142,468.44
Oct 15, 2019	IDA-61410	Int Charges	2,949.53
Apr 18, 2023	IDA-61410	Int Charges	119,858.35
Apr 18, 2023	IDA-61410	Int Charges	231,130.81
Sep 15, 2023	IDA-D2360	Loan Disb	406,251.03
May 18, 2021	IDA-61410	Int Charges	89,553.14
May 18, 2021	IDA-61410	Int Charges	322,510.94
May 18, 2021	IDA-61410	Int Charges	294,182.28
May 18, 2021	IDA-61410	Int Charges	274,570.12
Jun 28, 2021	IDA-61410	Loan Disb	13,866,506.00
Jul 6, 2021	IDA-61410	Loan Disb	13,752,679.00
Jul 6, 2021	IDA-61410	Loan Disb	-13,752,679.00
Oct 15, 2021	IDA-61410	Int Charges	2,606.19
Oct 15, 2021	IDA-61410	Int Charges	2,487.54
Oct 15, 2021	IDA-61410	Int Charges	306,752.62
Oct 15, 2021	IDA-61410	Int Charges	28,138.16
Oct 15, 2021	IDA-61410	Int Charges	54,842.65
Nov 18, 2021	IDA-D2360	Loan Disb	1,035,147.00
Nov 18, 2021	IDA-D2360	Loan Disb	86,012.86
Oct 15, 2021	IDA-61410	Int Charges	279,808.12
Oct 15, 2021	IDA-61410	Int Charges	261,154.25
Oct 15, 2021	IDA-61410	Int Charges	184,466.10
Oct 15, 2021	IDA-61410	Int Charges	69,726.22
Oct 15, 2021	IDA-61410	Int Charges	2,504.46
Jul 1, 2022	IDA-61410	Loan Disb	12,123,160.00
Jul 7, 2022	IDA-61410	Loan Disb	-11,820,980.00
Jul 7, 2022	IDA-61410	Loan Disb	11,820,980.00
Jun 13, 2022	IDA-61410	Int Charges	166,315.77
Jun 13, 2022	IDA-61410	Int Charges	114,301.07
Jun 13, 2022	IDA-61410	Int Charges	43,046.82
Jun 13, 2022	IDA-61410	Int Charges	276,570.03
Jun 13, 2022	IDA-61410	Int Charges	252,276.73
Jun 13, 2022	IDA-61410	Int Charges	235,458.28
Mar 17, 2022	IDA-D2360	Loan Disb	267,763.28
Mar 17, 2022	IDA-D2360	Loan Disb	244,885.48
Oct 16, 2019	IDA-61410	Int Charges	63,309.09
Oct 16, 2019	IDA-61410	Int Charges	86,299.71
Oct 16, 2019	IDA-61410	Int Charges	291,258.44
Oct 16, 2019	IDA-61410	Int Charges	265,674.94
Oct 16, 2019	IDA-61410	Int Charges	247,963.28
Oct 15, 2019	IDA-61410	Int Charges	4,188.60

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-06-28
Procurement	Satisfactory	2024-06-28
Project Management	Satisfactory	2024-06-28
Project Management	Satisfactory	2024-06-28
Progress towards achievement of PDO	Satisfactory	2024-06-28
Financial Management	Moderately Satisfactory	2024-06-28
Monitoring and Evaluation	Satisfactory	2024-06-28
Financial Management	Moderately Satisfactory	2024-06-28
Procurement	Satisfactory	2024-06-28
Overall Implementation Progress (IP)	Satisfactory	2024-06-28
Monitoring and Evaluation	Satisfactory	2024-06-28
Overall Implementation Progress (IP)	Satisfactory	2024-06-28

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of housing loans issued by banks and non bank financial institutions below FCFA 25 Million refinanced by CRRH Value 3490.00 8885.00 8700.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
The average maturity of loans refinanced by CRRH-UEMOA Value 10.20 14.00 15.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
The number of banks and SFD refinanced by CRRH offering affordable housing loans Value 0.00 34.00 25.00
Date December 30, 2016 December 15, 2023 June 28, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Bonds issued by CRRH Value 180000000.00 565816585.00 412000000.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
Number of non-bank financial institutions making use of CRRH refinancing window Value 0.00 6.00 4.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment

A land and housing price index is established in a research centre, harmonized across all 8 countries and with effective data in atleast 2 countries	Value	0.00	0.00	1.00
	Date	December 23, 2016	December 15, 2023	June 28, 2024
	Comment

A guarantee product for housing loans is available in the region Value 0.00 0.00 1.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
Survey of a sample of beneficiaries by mid-term review to provide feedback on terms and conditions of housing loans Value 0.00 1.00 1.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
Number of housing loans issued by non-bank financial institutions below 15 M FCFA and refinanced by CRRH Value 0.00 210.00 930.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
Number of countries who approve recommendations from advisory services and studies on housing and land Value 0.00 4.00 6.00
Date December 23, 2016 December 15, 2023 June 28, 2024
Comment
The number of banks and SFD that adopt an environmental and social policy for housing loans Value 0.00 28.00 34.00
Date December 29, 2016 December 15, 2023 June 28, 2024
Comment
The number of banks and SFD that are trained on environmental and social risk management for housing loans Value 0.00 96.00 100.00
Date December 29, 2016 December 15, 2023 June 28, 2024
Comment

Number of housing loans issued by banks and non bank financial institutions below FCFA 25 Million refinanced by CRRH	Value	3490.00	8885.00	8700.00
	Date	December 23, 2016	December 15, 2023	June 28, 2024
	Comment

The average maturity of loans refinanced by CRRH-UEMOA	Value	10.20	14.00	15.00
	Date	December 23, 2016	December 15, 2023	June 28, 2024
	Comment

Bonds issued by CRRH	Value	180000000.00	565816585.00	412000000.00
	Date	December 23, 2016	December 15, 2023	June 28, 2024
	Comment

WAEMU Affordable Housing Finance

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS