![cover image](https://wikiwandv2-19431.kxcdn.com/_next/image?url=https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Logo_Afrikanische_Entwicklungsbank.svg/640px-Logo_Afrikanische_Entwicklungsbank.svg.png&w=640&q=50)
African Development Bank
Multilateral development finance institution / From Wikipedia, the free encyclopedia
Not to be confused with Asian Development Bank.
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]
Quick Facts Abbreviation, Formation ...
African Development Bank | |
Banque africaine de développement | |
![]() | |
AfDB headquarters building in Abidjan | |
Abbreviation | AfDB |
---|---|
Formation | September 10, 1964; 59 years ago (1964-09-10) |
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 |
Close
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]