During meeting, Dr. TAH presented to the Board a statement on the Bank’s activities and achievements for the period October-December 2016. The Board also reviewed the financial report covering BADEA’s activities during the fourth quarter of the current year and a statement on the performance of investment portfolios for the same period.
On the other hand, the Board reviewed the Bank’s administrative expenditure during 2016 and approved the administrative budget for the year 2017.
The Board also approved US $ 121 million for financing of 10 operations for Private Sector (2 operations), Foreign Trade (4 operations) and Technical Assistance Operations (4 operations).
As regards the operational program for 2017, the Board approved a ceiling of US$ 330 million for financing projects and technical assistance operations, in addition to US $ 200 million for Arab Export to African countries.
It is worthy to note that 2017, is the third year of BADEA’s Seventh Five Year Plan (SFYP) (2015 -2019), which the Bank allocated $ 530 million for all its commitments for the next year.
