The African Development Bank (AfDB) Group is a regional multilateral development finance institution
established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). The AfDB was founded following an agreement signed by member states on August 14, 1963, in Khartoum, Sudan, which became effective on September 10, 1964. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. The Bank finances projects run either by the government or the private sector. The AfDB headquarters is officially in Abidjan, Côte d’Ivoire. The part of AfDB engaging in the network is theEconomic Governance and Knowledge Management Vice Presidency (ECVP).
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