Organizations

Introduction:

BADEA committed to working closely with other development partners with the objective of advancing the development aid agenda, maximizing aid effectiveness and creating synergy. BADEA’s underlying strategy is to combine its efforts with those of the African beneficiary countries, multilateral regional and international development agencies, bilateral aid agencies, and non-governmental organizations.

In addition to the African beneficiary governments, BADEA is a member of the Arab and Regional Coordination Group. It is also working closely with strategic partners including multilateral and bilateral development agencies and such regional and international agencies as the African Development Bank (AfDB) and the World Bank (WB).

Arab and Regional Coordination Group :

Stemming from their deep-rooted belief in development and developmental issues Arab and regional development institutions, formally drew together under the banner of the Coordination Group in 1975 to pursue their common goals. The Group seeks to forge a unified framework for action and to achieve greater policy coherence. Essentially, it works to make its collective aid more effective in beneficiary countries while increasing the efficiency of its individual members, especially in the area of co-financing.
The Coordination Group 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.

www.arabaid.org

Arab Gulf Program for United Nations Development Organizations (AGFUND):

Seven Arab Gulf countries (Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) contribute to the resources of AGFUND, an organization which provides grant assistance to UN agencies and Arab NGOs in support of humanitarian projects. Projects supported by AGFUND are in the fields of health, nutrition, water and sanitation, education, disability and environment. The main beneficiaries are mothers and children.

www.agfund.org

Arab Monetary Fund (AMF):

The AMF was established by Arab countries whose intent was to lay the monetary foundations of Arab economic integration, accelerate the process of economic development in all Arab nations and promote trade among them. The main activity of the AMF is the provision of loans in support of economic adjustment programs.

www.amf.org.ae

Arab Fund for Economic and Social Development (Arab Fund):

The Arab Fund finances projects for economic and social development in Arab countries. With a membership comprising all 22 members of the League of Arab States, it extends concessional loans to governments as well as to public and private organizations. Preference is given to projects that are of vital importance to the Arab world and to joint ventures involving Arab cooperation.

www.arabfund.org

Islamic Development Bank (IsDB):

The objective of IsDB is to foster economic development and social progress in member countries and in Muslim communities in accordance with the principles of Islamic Shariah. Its membership consists of 52 countries which are also members of the Organization of the Islamic Trade Conference. IsDB has the authority to extend financing and raise funds in many ways and to establish special funds for specific purposes.

www.isdb.org

OPEC Fund for International Organization (OFID):

OPEC Fund for International l Organization (OFID)

OFID's key aim is to foster social and economic progress in the developing world through the provision of concessional financing for developing countries. However, OFID's work goes beyond simply dispensing aid; one of its central aims has always been to advance ‘South-South’ solidarity in every way available to it. It does this by promoting cooperation in many spheres among countries of the developing world. It also aims at championing the cause of the developing world in the international arena.

www.ofid.org

Abu Dhabi Fund:

The Abu Dhabi Fund is a public autonomous institution established by the Government of Abu Dhabi. It seeks to offer economic aid in the form of loans, grants or capital participation projects to Arab, African, Asian and other developing countries, and to engage in other activities which support these objectives.

www.adfd.ae

Kuwait Fund for Arab Economic Development :

The object of the Kuwait Fund is to assist Arab and other developing countries in developing their economies. Its activities include the provision of loans, guarantees and grants; technical assistance services; participation in the capital of other development institutions; and representing the State of Kuwait in regional and international organizations.

www.kuwait-fund.org

Saudi Fund for Development:

The purpose of the Saudi Fund is to establish links for financial cooperation with other developing countries, mainly by extending concessional loans for financing projects that contribute to the social and economic well-being of beneficiary countries. Although all developing nations are eligible for assistance from the Saudi Fund, activities are concentrated primarily on the least development countries.

www.sfd.gov.sa