Arab Bank for Economic Development in Africa
Banque arabe pour le développement économique en Afrique (BADEA)
Banco Arabe para el Desarrollo de Africa
المصرف العربي للتنمية الاقتصادية في أفريقيا
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Established as a specialized agency of D-XD2903 - League of Arab States (LAS), on signature of establishment agreement by a number of LAS member states and pursuant to decision of 6th Arab Summit, 28 Nov 1973, Algiers (Algeria). Commenced operations in Mar 1975.
The financial resources of H-XH0596 - Special Arab Aid Fund for Africa (SAAFA), established concurrently with BADEA in Jan 1974, were incorporated into BADEA in 1977.
Strengthen economic, financial and technical cooperation between Arab and African countries and the embodiment of Arab-African solidarity based on equality and friendship.
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Board of Governors (meets annually); Board of Directors; Director General.
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UN Sustainable Development Goals **
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