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Arab Bank for Economic Development in Africa: three financing agreements signed

23/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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La Sté Arab Bank for Economic Development in Africa a informé le 21 mai 2023 que la Arab Bank for Economic Development in Africa (BADEA) signed loan agreements of

116 million dollars with The Gambia, Niger, and Ivory Coast.

Dr. Sidi Ould Tah, Director General of BADEA, signed three financing agreements respectively with the Republic of The Gambia, the Republic of Niger and the Republic of Côte d'Ivoire, for a total of 116 million dollars (equivalent to 70%). billions of CFA francs) at the annual meetings of the Islamic Development Bank (BID) held in Jeddah, Kingdom of Saudi Arabia from 10 to 14 May 2023. This funding will make it possible to develop projects in various sectors. This is the financing of the capital increase of the West African Development Bank (BOAD ) on behalf of Niger and Ivory Coast. And the financing of the second phase of the University of The Gambia

.

La BADEA est une institution multilatérale de financement du développement détenue par 18 États souverains, membres de la League of Arab States . It began its operations in March 1975 and provided financial and technical assistance for economic development exclusively in sub-Saharan Africa.

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