Development Bank of the Central African States
# 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 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.

## 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 2022 the president is Dieudonné EVOU MEKOU.

