The BOAD released a revised mission statement in 2001, refocusing their funding on three development goals: poverty reduction, economic integration and promotion of private sector activity. The bank disburses long- and medium-term loans, previously available only to BOAD member governments and public institutions, are since 2002 also offered to private businesses involved in development projects of regional importance as well as lines of credit to finance Micro-credit projects and small to medium private enterprises. The BOAD also funds debt-relief programs to member governments with the agreement that funds are instead diverted to health programmes particularly those dealing with HIV/AIDS, education and infrastructure improvements.[4]

Since that time several international organisations have become members of the bank, adding funding and sitting on the board. These include the African Development Bank, the European Investment Bank, the Export and Import Bank of India (Exim Bank),[1] and the People's Bank of China.[2] The president of the bank's board is chosen by the heads of state of UEMOA, and since January 2008, Abdoulaye Bio-Tchane. The bank's day-to-day operations are carried out by the President and the Bank admin manager, cabinet, directorships of departments based in Lome, and mission offices based in the member nations.[