Senegal: BADEA’s board of directors holds first meeting for 2015 in Doha

Dakar, Senegal (PANA) - The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), will hold its first meeting for the year 2015, in Doha, from 4-6 March, organizers announced here Monday.

They said that the meeting, to be chaired by Yousif Bin Ibrahim AL BASSAM, Chairman of the Board of Directors, will be attended by Mr. Abdelaziz KHELEF, the Director General.

The agenda of the meeting includes a number of important issues comprising the approval of a new batch of projects and technical assistance operations for the benefit of Sub-Saharan Africa countries.

The meeting will also review a number of financial reports, including a report covering the fourth quarter of 2014, a report on the Bank’s activities for the period January-February 2015 and the Bank’s annual report for 2014.

On the other hand, the Board will review preparations for the 40th annual meeting of the Board of Governors to be held in Kuwait 7-8 April.

Sources said that BADEA’s total commitments in Sub-Saharan Africa Countries (44) have significantly increased since 1975 to reach US$ 4.5 million by December 2014, earmarked to finance 583 development projects, 620 technical assistance operations, 45 private sector projects and 29 operations within the framework of external trade financing scheme.

BADEA adapts its development financing to countries’ priorities. The major focus is on poverty reduction, food security, protection of the environment and improvement of the living conditions of the population in beneficiary countries.

It gives priority to infrastructure sector, agriculture and rural development, energy sector, social sector and industrial sector.

BADEA interventions also includes technical assistance operations and private sector projects.
-0- PANA PR/VAO 2March2015

02 march 2015 13:44:47

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