Directory of Economic, Commodity and Development Organizations - table of contents


Banque Arabe pour le Développement Economique en Afrique (BADEA)



Abdel Rahman El-Mahdi Street                             Postal Add:  P.O. Box 2640
Khartoum                                                 Telephone:   [249](11)77-3646
Sudan                                                                 [249](11)77-3709
                                                         Facsimile:   [249](11)77-0600

          Chairman:                   ...      Ahmed Abdallah AL AKEIL
          Director General:           ...      Medhat Sami LOTFY

LANGUAGES: Arabic (official working language), English, French


The decision to establish the Arab Bank for Economic Development in Africa (BADEA) was taken by the Sixth Arab Summit at Algiers at its session of November 28, 1973 and the Economic Council of the League of Arab States at its session of December 5, 1973. The first meeting of the Board of Governors of the Bank was held on January 11, 1975, and operations began in March 1975.

The objective of the Bank is to foster economic, financial and technical cooperation between the African States and the Arab nation. In carrying out this purpose, the Bank shall; (a) assist in financing economic development in African countries; (b) stimulate the contribution of Arab capital to African development; and (c) help to provide the technical assistance required for Africa's development. Most recently and in compliance with decision no. 3 for 1997 of the Board of Governors, BADEA has introduced a new activity consisting in the financing of Arab-African trade, and to which an amount of US$50 million (extendable to US$100 million) was earmarked. The Islamic Development Bank was entrusted with the management of these funds on behalf of BADEA.

The initial capital of the Bank was US$231 million subscribed by the member countries. Any other Arab State is entitled to become a party to the Agreement establishing the Bank, and the capital of the Bank shall be increased by the amount of their subscriptions. The subscribed and paid-up capital was, by the end of 1994, increased to US$1145.817 million. The increase was the result of: (a) the Bank's absorption of the capital of the Special Arab Aid Fund for Africa (SAAFA), amounting to US$350 million (Board of Governors' resolution, December 1977); (b) the increase of initial capital of the Bank, i.e., US$154.817 million (Board of Governors' resolution, February 1977 and December 1977); (c) the additional financial resources of US$250 million (Board of Governors' resolution, April 1983); (d) the additional financial resources of US$60 million (Board of Governors' resolution, July 1985); and (e) the additional financial resources of US$100 million (Board of Governors' resolution, April 1994). For 1999, in its resolution number 3, the Board of Governors has increased the Bank's capital to US$1500 million by a transfer from the General Reserve.


18 members: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates


The Board of Governors is the highest authority, composed of Finance Ministers of the Member States. Each member country is represented by a Governor and an Alternate Governor. The Secretary-General of the League of Arab States and the Secretary-General of the Organization of African Unity may attend meetings as observers. The Board of Governors appoints the Director General.

The Board of Directors consists of 11 members, one of which is elected as Chairman. It manages the business of the Bank and exercises powers delegated to it by the Board of Governors.


General Agreement; Cooperation for Development (Quarterly Review); Annual Report; BADEA Lending Policy: Terms and Procedures; Call for Tenders and Tenders' Evaluation; BADEA's Achievements, A Note on BADEA; A Quarter of a Century for African Development 1975-1999; occasional information brochures.

UPDATED:  December 2003

Directory of Economic, Commodity and Development Organizations - table of contents