West African Bankers' Association of each participating countries financed the association. The WABA serves as an intermediary between banks and the sub-regional committee of the central banks. The association is located in Freetown, Sierra Leone. West African Bankers' Association The West African Bankers' Association (WABA; ) is a professional association of banking and financial services and institutions in West Africa. It has its headquarters and offices in Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. The WABA was created in August 10, 1981 with the main purpose of supporting and developing the
Benin the subsequent transition to democracy in 1991. Benin scored highly in the 2013 Ibrahim Index of African Governance, which comprehensively measures the state of governance across the continent. Benin was ranked 18th out of 52 African countries and scored best in the categories of Safety & Rule of Law and Participation & Human Rights. In its 2007 Worldwide Press Freedom Index, Reporters Without Borders ranked Benin 53rd out of 169 countries. Benin has been rated equal-88th out of 159 countries in a 2005 analysis of police, business, and political corruption. Benin is divided into twelve departments (French: "départements") which, in