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Bank of Credit and Commerce International 1972–1991

  • Key Events
    • 1972 - Establishment and Early Development
    • 1978 - Bank of America Divestment & Staff Benefit Trust
    • 1978–1979 – Third World Foundation & Global South Vision
    • 1978 onwards - BCCI Foundations & Development Programmes
    • 1977 - 1982 - US Expansion & First American Bankshares
    • 1980s - International Training & China Programme
    • 1980s - Global 2000 & International Development
    • 1984 - 1986 - BCCI Central Treasury Losses
    • 1987 - Licensed Depositor Status in the United Kingdom
    • 1988 - 1990 - Money-Laundering Indictment & Settlement
    • 1990 - Internal Task Force Investigation & Disclosure to the Bank of England
    • 1990 - 1991 - Abu Dhabi Majority Shareholding & Restructuring Programme
    • July 1991 - Regulatory Closure
    • 1991 onwards - Liquidation
    • 1992 - Bingham Report on the Supervision of BCCI
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1980s - Global 2000 & International Development

During the 1980s, BCCI also became closely associated with Global 2000, an international development initiative led by former United States President Jimmy Carter.

Agha Hasan Abedi, BCCI President served as a co-chairman of Global 2000 alongside Carter and Japanese philanthropist Ryoichi Sasakawa.

Global 2000 supported programmes dealing with health, agriculture, food production and poverty reduction in developing countries. BCCI provided substantial financial and organisational support for projects undertaken in countries including Bangladesh, Pakistan, Ghana, Nigeria, Zambia and China.

The relationship extended beyond financial contributions. Carter and Abedi travelled together to several developing countries, meeting governments and local institutions to promote health and agricultural programmes. In Bangladesh, for example, discussions involved the Government, Global 2000 and the BCCI Foundation Bangladesh in developing joint health and agricultural initiatives.

BCCI’s involvement with Global 2000 provides another example of the Founder’s broader conception of BCCI’s role beyond conventional banking. Its international network and financial resources were intended not only to support banking and commerce, but also to contribute to programmes addressing health, agriculture, poverty reduction and economic development across countries of the Global South.

Key Events

  • 1972 - Establishment and Early Development
  • 1978 - Bank of America Divestment & Staff Benefit Trust
  • 1978–1979 – Third World Foundation & Global South Vision
  • 1978 onwards - BCCI Foundations & Development Programmes
  • 1977 - 1982 - US Expansion & First American Bankshares
  • 1980s - International Training & China Programme
  • 1980s - Global 2000 & International Development
  • 1984 - 1986 - BCCI Central Treasury Losses
  • 1987 - Licensed Depositor Status in the United Kingdom
  • 1988 - 1990 - Money-Laundering Indictment & Settlement
  • 1990 - Internal Task Force Investigation & Disclosure to the Bank of England
  • 1990 - 1991 - Abu Dhabi Majority Shareholding & Restructuring Programme
  • July 1991 - Regulatory Closure
  • 1991 onwards - Liquidation
  • 1992 - Bingham Report on the Supervision of BCCI
  • BCCI the Bank
  • The Founder
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