African Development Bank

African Development Bank
African Development Bank
Banque africaine de développement
AbbreviationAfDB
FormationSeptember 10, 1964 (1964-09-10)
TypeInternational organization
Legal statusTreaty
PurposeRegional development
HeadquartersAbidjan, Ivory Coast
Membership81 countries
President
Akinwumi Adesina
Main organ
Board of Executive Directors
Staff2,123 as of 31 December 2022
Websitewww.afdb.org

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]

  1. ^ "Flag-raising ceremony marks AfDB's return to its official headquarters in Côte d'Ivoire". AfDB. 8 September 2014. Retrieved 18 March 2015.
  2. ^ "Ouattara Asks African Development Bank to Return HQ to Abidjan | Voice of America - English". www.voanews.com. Retrieved 23 March 2020.
  3. ^ "African Development Bank on the move". Devex. 5 September 2014. Retrieved 23 March 2020.
  4. ^ Kenton, Will. "African Development Bank (ADB)". Investopedia. Retrieved 23 March 2020.
  5. ^ "African Development Bank (AfDB)". Green Growth Knowledge Platform. 13 December 2013. Archived from the original on 26 October 2020. Retrieved 23 March 2020.

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