BADEA participates in the Roundtable Meeting in Dakar to finance Regional Economic Programme (REP) of the West African Economic and Monetary Union (UEMOA)

BADEA participates in the Roundtable Meeting in Daka to finance

Regional Economic Programme (REP) of the West African Economic and Monetary Union (UEMOA)

The Arab Bank for Economic Development in Africa (BADEA), participated in the Roundtable meeting to finance Regional Economic Programme (REP), of the West African Economic and Monetary Union (UEMOA), which was held in Dakar during the period 02-03 November 2006. The Bank delegation was headed by the Director General H.E. Mr. Abdelaziz Khelef.

The opening session was addressed by Senegalese President H.E. Mr. Abdoulaye Wade. President Wade expressed his gratitude to the role of the International and Regional Finance Institutions and their contributions in the economic development efforts in West African Economic and Monetary Union countries.

During this meeting, donors have agreed to finance the five-year Regional Economic Programme (REP) (2006-2010) of the eight-nation West African Economic and Monetary Union (UEMOA).

BADEA's officials held a number of side-meetings with delegations from African countries, eligible for BADEA assistance, who attended the said meeting. Discussions revolved around current joint activities and future cooperation between African countries and BADEA, exploring all various means of promoting and developing this cooperation.

During his stay in Dakar, the Director General, attended the closing session of the training program financed by BADEA in the field of Coordination and Economic Integration that was conducted by IDEP, the closing session was chaired by H.E. ABDELAZIZ SOW the Minister of NEPAD and Economic Integration in Senegal. 20 participants from African Union Commission and Regional Economic Organizations operating in Africa benefited from this training program.

It is to be noted that since its inception, BADEA has provided US$ 800 million to finance projects and technical assistance operations in West African Economic and Monetary Union countries which include Benin, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo. The total Arab Financing Institutions aid to this group of countries, including BADEA's assistance, has reached US$ 4 billion until end 2005.
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