Arab Bank for Economic Development in Africa


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Arab Bank for Economic Development in Africa

A bank established by the League of Arab States in 1974 to promote economic development in Africa. It provides grants to African governments for certain projects. In order to encourage regional integration, ABEDA provides funds for a single project that will be carried out in several countries. Its headquarters are in Khartoum, Sudan.
References in periodicals archive ?
Financier address : Arab Bank for Economic Development in Africa (BADEA)
Summary: The UAE on Tuesday hosted the second 2012 board of directors meeting for the Arab Bank for Economic Development in Africa, or Badea.
LUSAKA, Zambia: The Arab Bank for Economic Development in Africa has approved a $90 million loan to Zambia to build a road that will link it to Angola and boost regional trade, the bank's CEO said on Friday.
In the presence of the Vice-President of the Republic, Charged with National Defence and State Security, Teodoro Nguema Obiang Mangue; heads of constitutional bodies; members of the Government, and senior figures from African and Arab League economic institutions, the first speeches from guests at the Economic Forum were those of the Commissioner from the African Union Commission for Economic Affairs, Antonio Matae; the Deputy General Secretary of the Arab League, and the Director General of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah.
Muscat, March 6 (ONA) The 1st regular meeting of the board of directors of The Arab Bank for Economic Development in Africa (BADEA) was held at Grand Hayat Muscat Hotel today under the auspices of Sultan bin Salim bin Said al-Habsi, Secretary General of the Supreme Council for Planning.
Fund (AMF), Arab Bank for Economic Development in Africa (BADEA), Arab
Obiang Nguema Mbasogo, there were speeches from others, such as the Deputy General Secretary of the Arab League States; the Commissioner from the African Union Commission for Economic Affairs, Antonio Matae, and the Director General of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah, who praised efforts in the preparation of the event by the Events Organising Committee.
The meetings concern the Arab Fund for Economic and Social Development (AFESD), the Arab Monetary Fund (AMF), the Inter-Arab Investment Guarantee Corporation, the Arab Bank for Economic Development in Africa (ABEDA) and the Arab Authority for Agricultural Investment and Development, in addition to a meeting of the Supervisory Board on the account established by AFESD to finance the small and medium enterprises.
Development Bank of Rwanda (BRD) has inked a $15-million facility agreement with the Arab Bank for Economic Development in Africa to strengthen its lending capacity to the private sector.
The Arab Bank for Economic Development in Africa (BADEA) and the African Export-Import Bank (Afreximbank) have signed an agreement for a $50 million line of credit granted to Afreximbank by BADEA for the financing of trade operations between Arab and African countries aimed at guaranteeing regular flows of goods and services vital for economic growth.
The delegation, which is expected to tour the road project after the signing of various financing agreements later this year, comprises of the OPEC Fund for International Development (OFID); the Arab Bank for Economic Development in Africa (ADFD); and the Kuwait Fund for Arab Economic Development
Major organization : ARAB BANK FOR ECONOMIC DEVELOPMENT IN AFRICA
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