The Board of Governors of the Arab Bank for Economic Development in Africa (BADEA), held its 33rd Annual Meeting in Sanaa, the Capital of the Republic of Yemen, during the period 03 - 04 April 2008. The Board of Governors adopted a number of important resolutions, which can be summarized as follows:

 Approving the Bank’s budget and its revenues and expenditures for the year ending 31st December 2007, in addition to the Board of Director’s Annual Report on the Bank’s activities for the same year.

Appointment of the External Auditor for the Financial Year 2008.

Transfer of the net income realized for the year 2007 amounting to US $ 164.2 million to BADEA's reserve.

Allocation of 10% of BADEA's net income in the year 2007 for supporting development projects to the Palestinian People.

Appointing the Governor of the Great Arab Libyan People's Socialist Jamahiriya as Chairman of BADEA's Board of Governors for its 34th Session and the Governor of the Arab Republic of Egypt as his Deputy.

At the end of the meeting, the Board of Governors expressed deep appreciation to H.E. Hon. Ali Abdallah Saleh, President of the Republic of Yemen, and the Government and people of Yemen, for hosting the 33rd session and the welcome they bestowed on it.

The Board of Governors expressed also thanks and appreciation to the Chairman and members of the Board of Directors and to the Bank’s management headed by the Director General and the staff of BADEA, for their continuous efforts to realize the objectives of the Bank, mainly the supporting Afro-Arab Cooperation.