Institution details
Arab Bank for Economic Development in Africa (BADEA) (BADEA)
Key facts
- Established in 1973
- Ownership: Public
- Abdel Rahman El Mahdi Street
- None
- https://www.badea.org
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | N/A |
Products
- Loans
- Other products
Loans
- 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
Other products
- 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