The Arab Bank for Economic Development in Africa (BADEA), participated in the high level meeting for Heads of Arab National and Regional Development Institutions and other International and Regional Finance Institutions, which was held in Kuwait on 4th February 2007.

The Bank delegation was headed by the Director General H.E. Mr. Abdelaziz Khelef. The meeting comes upon a request from some of International and Regional Development Organizations and Development Banks to know more about Arab Finance Institution's activities and to establish links with the International and Regional Financing Institutions for ease of communications and open consultations on issues related to development.

In his address to the meeting, H.E. Mr. Abdelaziz Khelef BADEA's Director General, briefed participants about BADEA’s financing operations in Sub-Sahara African countries that expanded since 1975 and cover all the 43 eligible countries, in addition to a number of regional Organizations. The Director General pointed out that the operations cover infrastructure, agriculture and rural development, rural water, electricity, rural roads, animal and fish production, energy, industry, social and the banking sector over and above technical assistance operations.

The meeting attended by representatives from many International donors institutions mainly: World Bank, European Investment Bank, Organization for Economic Co-operation and Development, Development Bank of Japan, International Fund for Agricultural Development, Asian Development Bank, French Agency for Development and United Nations Development Program. Agreement was reached among the different financing institutions to strengthen the cooperation on different development, issues through a Joint Coordinating Committee between Arab Finance Institutions representing by Arab Fund and the other Financing Institutions, represented by the World Bank.

The coordination Group of Arab National and Regional Development Institutions is a collective entity set up in 1975 to provide jointly developing or co-financing major development projects and programs. Its members include five multilateral institutions: The Arab Bank for Economic Development in Africa (BADEA), the Arab Fund for Economic and Social Development, Arab Gulf Program for United Nations Development Organizations (AGFUND), the Islamic Development Bank (IsDB) and OPEC Fund for International Development (OFID); and three bilateral intuitions: the Abu Dhabi Fund for Development, the Kuwait Fund for Arab Economic Development, and the Saudi Fund for Development.