African Development Bank

multilateral development finance institution

The African Development Bank Group (AfDB or ADB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution that was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. It mission is to combat poverty and improve living conditions on the continent through promoting and uplifting the investment of public and private capital in projects and programs that will contribute to the economic and social development of the region. It has headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved to Tunis, Tunisia, in 2003.[1][2]

African Development Bank
AfDB headquarters building in Abidjan
MottoBuilding today, a better Africa tomorrow
FormationSeptember 10, 1964 (1964-09-10)
TypeInternational organization
Legal statusTreaty
PurposeRegional development
HeadquartersAbidjan, Côte d'Ivoire
81 countries
Akinwumi Adesina
Main organ
Board of Executive Directors
1,500 as of 31 December 2016

References change

  1. Kenton, Will. "African Development Bank (ADB)". Investopedia. Retrieved 2021-04-25.
  2. "African Development Bank | Harmonization for Health in Africa". Archived from the original on 2013-01-21. Retrieved 2021-04-25.