BADEA approves US$68 million for 22 projects in Africa

Dakar- Senegal (PANA) -- The Board of directors of the Arab Bank for Economic Development in Africa, BADEA, has approved US$68.
4 million for 22 projects in African countries, the Bank said in a statement Sunday.
The statement, following the board's 21-23 March meeting in Algeria, said US$65.
9 million were loans for nine projects and US$2.
5 million as technical assistance for 13 operations.
The meeting attended by the board chairman Ahmed Abdallah Al-Akeil, and the Bank's General Manager Abdelaziz Khelef, discussed the Managing Director's report on the Bank's activities for January-March 2007, financial reports on the fourth-quarter of 2006 and the audit report for the same year.
The board also discussed the BADEA's 2006 annual report, and preparations for its Council's meeting planned for April.