Share This Article:

Economic Definition of African Development Bank. Defined.

Offline Version: PDF

Term African Development Bank Definition: A regional multilateral development institution engaged in promoting the economic development and social progress of its member countries in Africa. The Bank, established in 1964, started functioning in 1966 with its Headquarters in Abidjan, Cote d' lvoire. The Bank borrows funds from the international money and capital markets. Its shareholders are the 53 countries in Africa as well as 24 countries in the Americas, Europe, and Asia.


« AFL-CIO | agglomeration »


Alphabetical Reference to Over 2,000 Economic Terms