BADEA’s Board of Directors Holds Its Second Meeting for the Year 2005

The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), has approved in its session held during the period 15-17 June, 2005 loans and grants for some African countries.

The total amount of the approved financing is US$ 44.904 million, of which US$ 42.5 million are earmarked, as loans, for participation of 7 development projects and US$ 2.404 million are allocated for financing 11 technical assistance operations.

In view of the importance given by BADEA to encourage Arab contracts and consultancy firms to be involved in projects implementation of projects, preparation of studies and supervision of the execution of projects, the following are the approved operations:-

The approved operations for June 2005

 

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