African Development Bank Group

African Development Bank Group

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.

At a Glance

Innovations2
Members 0
Partners 0

Organization Type

  • Financial Institution

Contact

African Development Bank Group
Immeuble du Centre de commerce International d’Abidjan CCIA
Avenue Jean-Paul II
01 BP 1387
Abidjan 01, Côte d'Ivoire

T : +225 20 26 10 20

Organization Mission

The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

The Bank Group achieves this objective by:

  • mobilizing and allocating resources for investment in RMCs; and
  • providing policy advice and technical assistance to support development efforts.

In 2000, all multilateral development institutions have agreed on a same set of objectives, called the Millennium Development Goals (MDG). They are:

Millennium Development Goals

  • Eradicate extreme poverty and hunger
  • Improve maternal health
  • Achieve universal primary education
  • Combat HIV/AIDS, malaria and other diseases
  • Promote gender equality and empower women
  • Ensure environmental sustainability
  • Reduce child mortality
  • Develop a global partnership for development

Innovations

The Releaf Group

The Releaf Group

Releaf economically empowers communities in Nigeria by serving as a web...

3
0
1
1
5