Financial and Banking News

AID FLOWS

BADEA Provides $88mn in 1984 

The Arab Bank for Economic Development in Africa (BADEA) provided loans and grants worth $87.96mn in 1984, a 4.7% increase over the 1983 total of $84mn, according to the Bank's 1984 annual report. The 1984 total comprised 11 loans ($76.05mn), two lines of credit ($11mn) and seven technical assistance grants ($910,000). BADEA's aggregate commitments now stand at $660.03mn, plus loans from the Special Arab Aid...