Our History
about Badea
Our History
BADEA was established pursuant to the resolution of the 6th Arab Summit Conference held in Algiers on 28 November 1973, with the purpose of promoting Arab-African economic cooperation.
A few months later,on February 18, 1974, 18 Members countries of the League of Arab States (shareholders) signed an establishing agreement. The Bank started its operations in March 1975 and has embodied an authentic Arab-African solidarity for over 50 years.
The Bank is an independent international institution with full administrative and financial autonomy, governed by the establishing agreement and the principles of international law.
Initially headquartered in Khartoum (Sudan) with a branch in Cairo (Egypt), the Bank relocated temporarily to Riyadh, Kingdom of Saudi Arabia, further to the decision of the Board of Governors in April 2023, in the midst of tensions in its host country.
Our Mandate
The Bank was created for the purpose of strengthening economic, financial and technical cooperation between the Arab and African regions and for the embodiment of Arab-African solidarity on foundations of equality and friendship. To achieve this end, the Bank was given a mandate to:
- Participate in financing economic development in African
countries. - Stimulate the contribution of Arab capital to African
development. - Help provide the technical assistance required for the
development of Africa.
