Chairman: H.E. Eng. Yousef Ibrahem Al-Bassam, Kingdom of Saudi Arabia

 

Director General: H.E. Mr. Abdelaziz Khelef, People’s Democratic Republic of Algeria

Amended according to Board of Governors' Resolution No.7/1988 issued at its 14th annual meeting in "MUSCAT, Monday 17th of Shaaban 1408 Hegira Corresponding to 1st April, 1988"

 

• THE GOVERNMENTS of the Arab League States on whose behalf this Agreement is signed,
• Believing in the need to strengthen the ties between African States and the Arab Nation,
• Seeking to further the economic development of African countries within a framework of solidarity and mutual interest,
• Recognizing that coordinated effort aimed at bringing about the economic independence of African countries is a crucial factor in achieving their national goals,
• Seeking to give African-Arab solidarity a concrete and efficient shape, based on equality and friendship,
• Being convinced that the establishment of a financial institution to support the economic development requirements of African countries constitutes a major step towards stimulating Arab-African cooperation, and
• Pursuant to the decisions of the VIth Arab Summit conference of Algiers, taken at its session of 28th November, 1973, and to the recommendations made by the Economic Council at its session of 5th December, 1973.

Member counties (18): Jordan, Emirates, Bahrain, Tunisia, Algeria, Saudi Arabia, Sudan, Syria, Iraq, Oman, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Palestine.

Kindly check URL: http://www.badea.org/en/orgst.html

Annual Report; Quarterly Bulletin (Cooperation for Development)