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Arab Bank for Economic Development in Africa

The Arab Bank for Economic Development in Africa (BADEA) (Banque Arabe pour le D??veloppement Economique en Afrique) (???????????? ???????????? ?????????????? ???????????????????? ???? ??????????????) is a development bank owned by Arab League to provide development financing to African countries. It was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers on the 28 November 1973. 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. The Bank is an international financial 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. History The Bank began operations in March 1975. BADEA is a financial institution...

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wikidata.org 0 views · 2024-12-26 18:26:24

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