African Development Bank

(redirected from African Bank of Development)
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African Development Bank

A bank in Africa that was established in order to reduce poverty and promote sustainable growth. Among other things, it makes loans and provides other forms of financial assistance for projects thought to contribute to African development. It also managed the African Development Fund and the Nigerian Trust Fund. It was established in 1963 and maintains its headquarters in Cote d'Ivoire.
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Released on Wednesday, the report has been carried out by the World Bank, the African Bank of Development and the World Economic Forum.

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