Development Bank of the Central African States

Development Bank of the Central African States
Banque de développement des États de l'Afrique centrale (BDEAC)
Nabemba Tower, a landmark of Brazzaville
Established 1975 (1975)
Type Multilateral development bank
Headquarters Brazzaville, Republic of the Congo
President
 Fortunato Mbo Nchama
Website www.bdeac.org

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.[1]

History

BDEAC was created through an agreement signed December 3rd, 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 3rd, 1977.[1]

Governance

The General Assembly is BDEAC's supreme organ. The Bank is led by a president elected by the General Assembly for a single five year term. This president is assisted by a vice president elected under the same conditions. Since 2017 the president is Fortunato OFA MBO NCHAMA. [2]

See also

References

  1. 1 2 "A_propos". Banque de Développement des États de l’Afrique Centrale. Retrieved 7 February 2017.
  2. ↑ "Organigramme". Banque de Développement des États de l’Afrique Centrale. Retrieved 7 February 2017.
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