African Development Bank

The African Development Bank (AfDB) is a regional development bank that provides loans and grants to African governments and private companies investing in African countries in order to reduce poverty and promote sustainable development in its member countries.

Established in 1964, AfDB is owned and funded by member governments which include both African nations as well as donor countries. The AfDB, jointly with the OECD Development Center, publishes the African Economic Outlook, which reviews the recent economic situation and predicts the short-term interrelated economic, social, and political evolution of most of African economies.
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