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New vision to milk potential
Published: December 10, 2004
The states of the central African sub-region need an institution like the Central African States Development Bank to raise finance for large projects. After a dormant period, the bank is focusing its strategy on private enterprise. Fabien Buliard reports. The Central African States Development Bank (La Banque de Développement des Etats de l’Afrique Centrale – BDEAC) is sparing no effort to restore its credibility, following a period of dormancy throughout the 1990s in which it ceased all lending activities to focus on reimbursing its debt and recovering a staggering amount of outstanding payments.
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