Arab Bank for Economic Development in Africa (BADEA)
Last updated on 02 Mar 2024
Key facts
BADEA is owned by 18 Arab member countries of the Arab League and aims to strengthen economic, financial, and technical cooperation between the Arab and African regions.
Al-Amiriya Tower, Al-Olaya District
King Fahd Road, Building Number 7922
Sub-number 4091, Postal Code 12333
Riyadh
Saudi Arabia
+966-112881180
badea.org
King Fahd Road, Building Number 7922
Sub-number 4091, Postal Code 12333
Riyadh
Saudi Arabia
+966-112881180
badea.org
PUBLIC
1973
Credit rating (S&P)
AA
Foreign currency
Authorizations
FY 2021 authorizations by financing window
Business financing
41%
Public sector
39%
Private sector
19%
Capacity development
1%
FY 2021 authorizations
Products
- BADEA provides financing for development projects:
- BADEA’s contribution to financing of any project can reach up to 60% of its total cost, provided that the loan amount does not exceed USD 20 million
- BADEA’s contribution can reach up to 90% of the total cost of any project, in case this total cost does not exceed USD 15 million
- BADEA can grant more than one loan to a country in one year, provided that the total amount of such loans does not exceed USD 20 million
- BADEA can provide non-refundable grants to finance feasibility studies for development projects and institutional support operations
- In addition, BADEA can finance Arab exports to and investments in African countries
- BADEA has also engaged in debt relief for heavily indebted poor countries and provided urgent aid
Policies
- BADEA has strict procurement transparency guidelines for its borrowers
News
- 2024: BADEA celebrates a historic capital markets debut with EUR 500 Mn benchmark social bond to keep making a positive difference in Africa
