BADEA - Arab Bank for Economic Development in Africa

The Arab Bank for Economic Development in Africa (BADEA) is a Multilateral Development Financial Institution owned by 18 Arab countries. Its operations cover the entire Sub-Saharan African region. 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. As of December 2017, BADEA’s total assets amounted to US$ 4.9 billion and has two main windows of operations namely; Public Sector and Private Sector & Trade Finance. Through its Public Sector window, BADEA provides loans for development projects and technical assistance grants. BADEA’s Private Sector & Trade Finance Operations are dedicated for supporting private sector and commercially-oriented public sector entities by way of short, medium and long-term funding. These funding facilities can be availed directly or through intermediary financial institutions. The medium and long-term funding can be utilized to finance capital expenditure requirements whilst the short-term facilities are provided for financing working capital as well as import transactions which involve goods and commodities sourced from Arab countries. #ArabAid #BADEA2030 #ArabAfricaTrade Official Website http://www.badea.org Facebook https://www.facebook.com/badeabank Twitter https://twitter.com/badeabank Youtube https://www.youtube.com/user/badeabank