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The Board of Directors of the Arab Bank for Economic Development
in Africa (BADEA), held its first meeting for the year 2007 in Algeria during
the period 21 to 23 March 2007. The meeting was chaired by H.E. Mr. AHMED
ABDALLAH EL-AKEIL, Chairman of BADEA’s Board of Directors, in the presence of
H.E. Mr. ABDELAZIZ KHELEF, the Director General. The
Board reviewed a number of important issues; foremost was the Director General’s
report on the Bank’s activities during the period January – March 2007, in
addition to a number of financial reports including one on the bank’s activities
during the third quarter of the year 2006. The Board of Directors has also
reviewed BADEA’s Annual Report for the Year 2006 and the Auditors’ Financial
Report for the same year and the current project status reports.
During this meeting, the Board approved financing of a new
batch of projects and technical assistance operations for the benefit of several
African beneficiary countries, for a total amount of US$ 68.400 million, out of
which US$ 65.900 million were allocated to finance 9 development projects, while
US$ 2.500 million were earmarked to finance 13 technical assistance operations.
It is worth noting that BADEA’s total cumulative financial
commitments to African countries eligible for its aid, including the new
commitments, now stands at US $ 3242.927 million.
During this session, the Board of Directors approved the
financing of 22 development operations for the benefit of the following African
Countries: -
The approved operations for March 2007. |
