Mr. Abdelaziz KHELEF assumed his duties as Director General of BADEA effective July 1st 2006. He replaces Mr. Medhat S. Lotfy whose term of office, of nine years, has come to a close on June 30th, 2006.
Mr. KHELEF’s nomination has been decided by BADEA’s Board of Governors, which convened during its 31st session held in Rabat, Morocco on April 17th, 2006.
Mr. KHELEF is an Algerian national, an economist by profession who holds a license in Economic Sciences (Algeria 1966) and a High Diploma in Economic Sciences (Paris 1968). He has assumed many high-ranking positions in Government of Algeria, including Minister of Commerce, Minister of Finance, State Secretary in charge of Maghreb Affairs, Ambassador of Algeria to Tunisia and Secretary General of the Presidency.
Mr. KHELEF joined the Islamic Development Bank (IDB) in 1994 where he, likewise, assumed many high-ranking positions including Advisor to the President. His latest position at IDB was Regional Director for IDB for Northern and Western Africa.
The term of office of the Director General, according to BADEA’s Rules, is three years renewable twice.