BADEA President and well-wishers
Annual meetings and anniversaries
Deepening Relationships, Expanding Outreach A series of annual meetings and anniversaries of development finance institutions o ff ered great opportunities to intensify cooperation T he development community is coming of age: The Islamic Development Bank (IsDB) Group and Arab Bank for Economic Development in Africa (BADEA) celebrated their 50th anniversaries this spring, while the African Development Bank went one better with a 60th birthday event in Nairobi. OPEC Fund President Abdulhamid Alkhalifa used his participation to promote tighter coordination and closer cooperation among development partners.
BADEA 50th Anniversary
C elebrations were also due in mid-May, when BADEA marked its golden anniversary with a reception during its annual meeting. OPEC Fund President Alkhalifa attended the festivities in Riyadh and praised the cooperation: “BADEA is a long- standing partner of ours and we share the commitment to Africa, where we really want to make a di ff erence.” To date, the OPEC Fund and BADEA have collaborated on 254 operations for US$5 billion. BADEA President Sidi Ould Tah, who has led the bank since 2015, has also been a frequent visitor at the OPEC Fund as well as a speaker at the OPEC Fund Development Forum. The organizations seek to deepen cooperation in climate
action and joining forces in development e ff ectiveness.
IsDB Golden Jubilee
T he Islamic Development Bank (IsDB) Group marked its 50th anniversary (Golden Jubilee) during its regular annual meeting at its Headquarters in Riyadh on April 28. IsDB is one of the OPEC Fund’s key partners in promoting sustainable development through joint projects, but also shared initiatives. OPEC Fund President Alkhalifa conveyed best wishes: “We congratulate IsDB on its achievements during its first 50 years and we look forward to many more years of successful cooperation,” he said following a private meeting with IsDB Chairman Muhammad Sulaiman Al Jasser. To date, IsDB has approved more than US$182 billion for the financing of more than 12,000 development projects.
Abdulhamid Alkhalifa, President, OPEC Fund, with Muhammad Sulaiman Al Jasser, Chairman, IsDB
60
Powered by FlippingBook