African Development Bank

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. Retreieved on 2012, November 15 from . The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). WHile it was originally headquartered in Abidjan, Côte d'Ivoire, the Bank's headquarters moved to Tunis, Tunisia, during the civil war in Côte d'Ivoire.

Read more about African Development Bank:  History, Group Entities, Management and Control, Functions, Status, Recent Trends and Directions, Prospects, Membership, United Nations Development Business

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