- Published on
KembaraXtra- Financial Terms- African Development Bank (ADB) refers to a multilateral development bank established in 1964 by independent African nations.
The bank was modeled after the International Bank for Reconstruction and Development, commonly known as the World Bank.
Its main objective is to promote sustainable economic development and social progress throughout African countries.
The African Development Bank provides long-term investment loans, financial assistance, and technical support for infrastructure, education, healthcare, and development projects.
Membership was expanded to include non-African countries in 1982 in order to increase available capital and strengthen international cooperati
The bank was modeled after the International Bank for Reconstruction and Development, commonly known as the World Bank.
Its main objective is to promote sustainable economic development and social progress throughout African countries.
The African Development Bank provides long-term investment loans, financial assistance, and technical support for infrastructure, education, healthcare, and development projects.
Membership was expanded to include non-African countries in 1982 in order to increase available capital and strengthen international cooperati
0 Comments