African Development Bank
African Development Bank | |
Banque africaine de développement | |
AfDB headquarters building in Abidjan | |
| Abbreviation | AfDB |
|---|---|
| Formation | September 10, 1964 |
| Type | International organization |
| Legal status | Treaty |
| Purpose | Regional development |
| Headquarters | Abidjan, Ivory Coast |
| Membership | 81 countries |
President | Akinwumi Adesina |
Main organ | Board of Executive Directors |
| Staff | 2,123 as of 31 December 2022 |
| Website | www |
The African Development Bank Group (AfDB, also known as BAD in French) is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast, since September 2014.[1][2] The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).[3]
The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union.
The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.[4][5]
- ^ a b Staff writer (2024). "African Development Bank (ADB)". UIA Global Civil Society Database. uia.org. Brussels, Belgium: Union of International Associations. Yearbook of International Organizations Online. Retrieved 24 December 2024.
- ^ "Flag-raising ceremony marks AfDB's return to its official headquarters in Côte d'Ivoire". AfDB. 8 September 2014. Retrieved 18 March 2015.
- ^ "African Development Bank on the move". Devex. 5 September 2014. Retrieved 23 March 2020.
- ^ Kenton, Will. "African Development Bank (ADB)". Investopedia. Retrieved 23 March 2020.
- ^ "African Development Bank (AfDB)". Green Growth Knowledge Platform. 13 December 2013. Archived from the original on 26 October 2020. Retrieved 23 March 2020.