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.
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Financier : Arab Bank for Economic Development in Africa (BADEA),Kuwait Fund for Arab Economic Development (KFAED),The OPEC Fund for International Development (OFID),
SUNA learned that the Arab Bank for Economic Development in Africa signed with the Bank of East and South Africa for Trade and Development a memo of understanding aims to facilitate cooperation between the two Banks in a number of fields which the most important of them are the cooperation in financing the projects of the private sector.
These include the Arab Monetary Fund, Arab Economic and Social Development Fund, Arab Investment and Export Credit Guarantee Corporation, Arab Bank for Economic Development in Africa and the Arab Authority for Agricultural Investment and Development.
AaAa To this end, Morocco proposed to associate, during the next meetings, financial institutions such as the Arab Bank for Economic Development in Africa and the African Development Bank to contribute to the setting-up of partnerships in various fields and increase development aid.
Summary: The Arab Bank for Economic Development in Africa (BADEA) has granted in 2008, loans worth $190 million for financing development projects in Africa under five-year plan (2005-2009).
More than 1000 stakeholders will participate from all over the world, including high-level delegations from international organizations and institutions such as the Arab Thought Forum; the Islamic Development Bank; the Arab Bank for Economic Development in Africa (BADEA); the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries; and the Arab International Centre for Entrepreneurship and Investment.
Arab Bank for Economic Development in Africa, Benin sign loan agreement at 8 million dollarsKhartoum, April 27 (SUNA) - Arab Bank for Economic Development in Africa (BADEA) and the Republic of Benin have recently signed in its capital, Cotonou an agreement upon which the bank grants Benin a loan at 8 million dollars for establishment of high technical school within the framework of relations between the bank and Benin and to boost the progress of Arab-African cooperation.
It added that the ministers would discuss issues related to activities of the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the Arab Institution for Investment Guarantee, the Arab Bank for Economic Development in Africa in addition to the Arab Authority for Agricultural Investment and Development.
The Annual Meeting of Arab Financial Institutions will include a series of events: shareholders meeting of the Arab Authority for Agricultural Investment and Development (AID), the annual meeting of the Board of Governors of the Arab Bank for Economic Development in Africa (BADEA), the shareholders meeting of the Arab Investment and Export Credit Guarantee Corporation (DHAMAN), the annual meeting of the Board of Governors of Arab Fund for Economic and Social Development (AFESD), the annual meeting of the Board of Governors of the Arab Monetary Fund (AMF) in addition to the Fourth Extraordinarily Meeting of the Council of Arab Finance Ministers.
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.
Summary: The UAE on Tuesday hosted the second 2012 board of directors meeting for the Arab Bank for Economic Development in Africa, or Badea.
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