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ABEDA
The Arab Bank for Economic Development in Africa (BADEA) (Banque Arabe pour le Développement Economique en Afrique) (المصرف العربي للتنمية الاقتصادية في أفريقيا) was established pursuant to the resolution of the 6th Arab Summit Conference at Algiers (28 November 1973). The Bank began operations in March 1975. BADEA is a financial institution owned by eighteen Arab countries members of the League of Arab States (LAS) which signed its Establishing Agreement on 18 February 1974. The Bank is an independent International Institution enjoying full international legal status and complete autonomy in administrative and financial matters. It is governed by the provisions of its Establishing Agreement and the principles of international law. Structure and Objectives Headquarters The Bank's Headquarters are located in Khartoum, the capital of the Republic of the Sudan. Objectives The Bank was created for the purpose of strengthening economic, fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Institution
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 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 an institution, created by a group of countries, that provides financing and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khartoum
Khartoum or Khartum ( ; ar, الخرطوم, Al-Khurṭūm, din, Kaartuɔ̈m) is the capital of Sudan. With a population of 5,274,321, its metropolitan area is the largest in Sudan. It is located at the confluence of the White Nile, flowing north from Lake Victoria, and the Blue Nile, flowing west from Lake Tana in Ethiopia. The place where the two Niles meet is known as ''al-Mogran'' or ''al-Muqran'' (; English: "The Confluence"). From there, the Nile continues north towards Egypt and the Mediterranean Sea. Divided by these two parts of the Nile, Khartoum is a tripartite metropolis with an estimated population of over five million people, consisting of Khartoum proper, and linked by bridges to Khartoum North ( ) and Omdurman ( ) to the west. Khartoum was founded in 1821 as part of Egypt, north of the ancient city of Soba. While the United Kingdom exerted power over Egypt, it left administration of the Sudan to it until Mahdist forces took over Khartoum. The British at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sudan
Sudan ( or ; ar, السودان, as-Sūdān, officially the Republic of the Sudan ( ar, جمهورية السودان, link=no, Jumhūriyyat as-Sūdān), is a country in Northeast Africa. It shares borders with the Central African Republic to the southwest, Chad to the west, Egypt to the north, Eritrea to the northeast, Ethiopia to the southeast, Libya to the northwest, South Sudan to the south and the Red Sea. It has a population of 45.70 million people as of 2022 and occupies 1,886,068 square kilometres (728,215 square miles), making it Africa's List of African countries by area, third-largest country by area, and the third-largest by area in the Arab League. It was the largest country by area in Africa and the Arab League until the 2011 South Sudanese independence referendum, secession of South Sudan in 2011, since which both titles have been held by Algeria. Its Capital city, capital is Khartoum and its most populated city is Omdurman (part of the metropolitan area of Khar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Language
English is a West Germanic language of the Indo-European language family, with its earliest forms spoken by the inhabitants of early medieval England. It is named after the Angles, one of the ancient Germanic peoples that migrated to the island of Great Britain. Existing on a dialect continuum with Scots, and then closest related to the Low Saxon and Frisian languages, English is genealogically West Germanic. However, its vocabulary is also distinctively influenced by dialects of France (about 29% of Modern English words) and Latin (also about 29%), plus some grammar and a small amount of core vocabulary influenced by Old Norse (a North Germanic language). Speakers of English are called Anglophones. The earliest forms of English, collectively known as Old English, evolved from a group of West Germanic (Ingvaeonic) dialects brought to Great Britain by Anglo-Saxon settlers in the 5th century and further mutated by Norse-speaking Viking settlers starting in the 8 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arabic
Arabic (, ' ; , ' or ) is a Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C. E.Watson; Walter de Gruyter GmbH & Co. KG, Berlin/Boston, 2011. Having emerged in the 1st century, it is named after the Arab people; the term "Arab" was initially used to describe those living in the Arabian Peninsula, as perceived by geographers from ancient Greece. Since the 7th century, Arabic has been characterized by diglossia, with an opposition between a standard prestige language—i.e., Literary Arabic: Modern Standard Arabic (MSA) or Classical Arabic—and diverse vernacular varieties, which serve as mother tongues. Colloquial dialects vary significantly from MSA, impeding mutual intelligibility. MSA is only acquired through formal education and is not spoken natively. It is the language of literature, official documents, and formal writ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Language
French ( or ) is a Romance languages, Romance language of the Indo-European languages, Indo-European family. It descended from the Vulgar Latin of the Roman Empire, as did all Romance languages. French evolved from Gallo-Romance, the Latin spoken in Gaul, and more specifically in Northern Gaul. Its closest relatives are the other langues d'oïl—languages historically spoken in northern France and in southern Belgium, which French (Francien) largely supplanted. French was also substratum, influenced by native Celtic languages of Northern Roman Gaul like Gallia Belgica and by the (Germanic languages, Germanic) Frankish language of the post-Roman Franks, Frankish invaders. Today, owing to France's French colonial empire, past overseas expansion, there are numerous French-based creole languages, most notably Haitian Creole language, Haitian Creole. A French-speaking person or nation may be referred to as Francophone in both English and French. French is an official language in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab League
The Arab League ( ar, الجامعة العربية, ' ), formally the League of Arab States ( ar, جامعة الدول العربية, '), is a regional organization in the Arab world, which is located in Northern Africa, Western Africa, Eastern Africa, and Western Asia. The Arab League was formed in Cairo on 22 March 1945, initially with six members: Egypt, Iraq, Transjordan (renamed Jordan in 1949), Lebanon, Saudi Arabia, and Syria. Yemen joined as a member on 5 May 1945. Currently, the League has 22 members, but Syria's participation has been suspended since November 2011. The League's main goal is to "draw closer the relations between member states and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries". The organization has received a relatively low level of cooperation throughout its history. Through institutions, notably the Arab League Education ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algiers
Algiers ( ; ar, الجزائر, al-Jazāʾir; ber, Dzayer, script=Latn; french: Alger, ) is the capital and largest city of Algeria. The city's population at the 2008 Census was 2,988,145Census 14 April 2008: Office National des Statistiques de l'Algérie (web). and in 2020 was estimated to be around 4,500,000. Algiers is located on the Mediterranean Sea and in the north-central portion of Algeria. Algiers is situated on the west side of a bay of the Mediterranean Sea. The modern part of the city is built on the level ground by the seashore; the old part, the ancient city of the deys, climbs the steep hill behind the modern town and is crowned by the Casbah or citadel (a UNESCO World Heritage Site), above the sea. The casbah and the two quays form a triangle. Names The city's name is derived via French and Catalan ''Origins of Algiers'' by Louis Leschi, speech delivered June 16, 1941, published in ''El Djezair Sheets'', July 194History of Algeria . from the Arabic name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heavily Indebted Poor Countries
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. The HIPC Initiative was initiated by the International Monetary Fund and the World Bank in 1996, following extensive lobbying by NGOs and other bodies. It provides debt relief and low-interest loans to cancel or reduce external debt repayments to sustainable levels, meaning they can repay debts in a timely fashion in the future."Developing Countries: Status Of The Heavily Indebted Poor Countries Debt Relief Initiative: NSIAD-98-229." ''GAO Reports'' (1998): 1. ''MasterFILE Premier''. Web. 10 Sept. 2015. To be considered for the initiative, countries must face an unsustainable debt burden which cannot be managed with traditional means. Assistance is conditional on the national governments of these countries meeting a range of economic management and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sahel
The Sahel (; ar, ساحل ' , "coast, shore") is a region in North Africa. It is defined as the ecoclimatic and biogeographic realm of transition between the Sahara to the north and the Sudanian savanna to the south. Having a hot semi-arid climate, it stretches across the south-central latitudes of Northern Africa between the Atlantic Ocean and the Red Sea. The Sahel part of Africa includes – from west to east – parts of northern Senegal, southern Mauritania, central Mali, northern Burkina Faso, the extreme south of Algeria, Niger, the extreme north of Nigeria, Cameroon and Central African Republic, central Chad, central and southern Sudan, the extreme north of South Sudan, Eritrea and Ethiopia. Historically, the western part of the Sahel was sometimes known as the Sudan region (''bilād as-sūdān'' "lands of the Sudan"). This belt was located between the Sahara and the coastal areas of West Africa. There are frequent shortages of food and water due to the dry harsh c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Sudan
This article discusses banking in Sudan. History Sudan inherited its banking system from the Anglo-Egyptian Condominium (1899-1955). When the National Bank of Egypt opened in Khartoum in 1901, it obtained a privileged position as banker to and for the government, being a semiofficial central bank. Other banks followed, but the National Bank of Egypt and Barclays Bank in Britain dominated and stabilized banking in Sudan until after World War II. Postwar prosperity created a demand for an increasing number of commercial banks. Before Sudanese independence, there were no restrictions on the movement of funds between Egypt and Sudan, and the value of the currency used in Sudan was tied to that of Egypt. This situation was unsatisfactory to an independent Sudan, which established the Sudan Currency Board to replace Egyptian currency. It was not a central bank because it did not accept deposits, loan money, or provide commercial banks with cash and liquidity. A three-member commis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
