African Development Bank - ADB


African Development Bank - ADB
A financial institution comprising 53 African and 24 non-African countries which promotes economic and social progress in Africa through loans, equity investments and technical assistance. Structurally, the ADB Group includes the African Development Bank, the African Development Fund and the Nigeria Trust Fund. Established in 1964 and headquartered in Tunisia, the Bank has provided a cumulative $55 billion in loans and grants in the region.

The ADB has been praised for its role in the fight against HIV/AIDS on the African continent, but its operations have also been criticized for being less than transparent. Some observers complain that the ADB emphasizes large infrastructure projects at the expense of smaller, cheaper options that may produce more energy with greater benefit to the continent’s poor.


Investment dictionary. . 2012.

Look at other dictionaries:

  • African Development Bank — AfDB logo Formation August 4, 1963 Type International organization Legal status Treaty Purpose/focus …   Wikipedia

  • African Development Bank — A regional bank, based on the model of the International Bank for Reconstruction and Development (World Bank), created by independent African nations in 1964 to provide long term development loans. Membership was originally restricted to African… …   Big dictionary of business and management

  • African Development Bank — Die Afrikanische Entwicklungsbank Gruppe umfasst die folgenden drei Teilorganisationen: Die Afrikanische Entwicklungsbank (AfEB, auch: AfDB), gegründet 1964 Den Afrikanischer Entwicklungsfonds (AfEF, auch: AfDF), gegründet 1972 und den (kleinen)… …   Deutsch Wikipedia

  • African Development Bank —    See also AFDB …   Financial and business terms

  • African Development Bank — ⇡ AfDB …   Lexikon der Economics

  • African Development Bank Group — ADBG An international financial institution dedicated to economic development in Africa. Established in 1964, the ADBG is headquartered in Abidjan in the Ivory Coast. (At the time of writing, political instability in the Ivory Coast has forced… …   Auditor's dictionary

  • West African Development Bank — The West African Development Bank WADB (fr. Banque Ouest Africaine de Développement BOAD) is an international Multilateral Development Bank established in 1973 to serve the nations of Francophone and Lusophone West Africa. The BOAD is organised… …   Wikipedia

  • East African Development Bank — The East African Development Bank (EADB) provides development finance in the East African countries of Uganda, Kenya and Tanzania. Its mission is one of strengthening socio economic development and regional integration .… …   Wikipedia

  • African Investment Bank — The African Investment Bank (AIB) is one of three financial institutions of the African Union (AU) along with the African Monetary Fund and the African Central Bank. It will be headquartered in Tripoli, Libya and is scheduled to begin operations… …   Wikipedia

  • development bank — National or regional financial institution designed to provide medium and long term capital for productive investment. Such investment is usually accompanied by technical assistance. Some development banks are government owned and operated, while …   Universalium

  • Development Bank —   See also Asian Development Bank, African development bank, European Bank for Reconstruction and Development, International Monetary Fund and World Bank …   International financial encyclopaedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.