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About BADEA
Introduction
Introduction
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Brief history
The Arab Bank for Economic Development in Africa (BADEA) was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers (28th November 1973). The Bank began operations in March 1975.
BADEA is a financial institution owned by eighteen Arab countries members of the League of Arab States (LAS) which signed its Establishing Agreement in 18th February 1974. The Bank is an independent International Institution enjoying full international legal status and complete autonomy in administrative and financial matters. It is governed by the provisions of its Establishing Agreement and the principles of international law.
Headquarters:
The Bank’s Headquarters is located in Khartoum, the capital of the Republic of the Sudan.
Objectives:
The Bank was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity on foundations of equality and friendship. To achieve this end, the Bank was given a mandate to:
Participate in financing economic development in African countries.
Stimulate the contribution of Arab capital to African development.
Help provide the technical assistance required for the development of Africa.
BADEA’s Board
Held its 4th Meeting for the year 2020
The Board approved financing new operations
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Latest News
04/12/2020
PRESS RELEASE - AFC & BADEA Collaborate on Infrastructure Development and Trade Finance
08/10/2020
CONSORTIUM OF GLOBAL MULTILATERAL DEVELOPMENT BANKS CALLS FOR MEASURES TO SUPPORT TRADE CONTINUITY IN SUB- SAHARAN AFRICA
30/09/2020
THE ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS
27/03/2020
Coronavirus: BADEA Allocates US$ 100 million to Assist Sub-Saharan Africa
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Consultants Registration
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Young Professional Program
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