Financial and Banking News

AID FLOWS

BADEA Halts Aid to Ivory Coast

The Khartoum-based Arab Bank for Economic Development in Africa (BADEA) has decided to halt assistance to the Ivory Coast as a result of its resumption of relations with Israel. Both the thirteen-member OPEC Fund for International Development (OFID) and the six-member Gulf Cooperation Council (GCC) are also publicly committed to halting economic assistance to countries resuming diplomatic relations with Israel (MEES, 5...