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Development Bank Of The Central African States
The Development Bank of the Central African States, usually known for its French initials, BDEAC, is a multilateral development bank that is charged with financing the development of the member states of Economic and Monetary Community of Central Africa (CEMAC). The BDEAC is different from the Bank of the Central African States (BEAC), which is a central bank. History BDEAC was created through an agreement signed in Bangui on December 3, 1975, in Bangui by the heads of state of Cameroon, Central African Republic, Republic of the Congo and Gabon. It started its operations on January 3, 1977. Since 2006, the BDEAC has been actively involved in financing the development of the Pointe-Noire port, and in March 2012, it allocated 130 billion CFA francs for various projects, including two cement plants in Congo and Cameroon and a hospital in Equatorial Guinea. BDEAC significantly bolstered its financial base in July 2014 by increasing its share capital by 250 billion CFA francs to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Development Bank
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international organization, international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance international development, development. An MDB has m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |