What does AFDB mean in UNITED NATIONS
African Development Bank (AfDB) is a specialized financial institution that was established in 1964 to promote economic development and social progress in African countries. The bank's mission is to reduce poverty and improve the quality of life for Africa's citizens by mobilizing financial resources for investment, safeguarding financial stability, providing advisory services and creating partnerships with other development organizations.
AfDB meaning in United Nations in Governmental
AfDB mostly used in an acronym United Nations in Category Governmental that means African Development Bank
Shorthand: AfDB,
Full Form: African Development Bank
For more information of "African Development Bank", see the section below.
Essential Questions and Answers on African Development Bank in "GOVERNMENTAL»UN"
What does AfDB stand for?
AfDB stands for African Development Bank.
What is the purpose of the African Development Bank?
The purpose of the African Development Bank is to reduce poverty and improve the quality of life for Africa's citizens by mobilizing financial resources for investment, safeguarding financial stability, providing advisory services and creating partnerships with other development organizations.
When was the African Development Bank established?
The African Development Bank was established in 1964.
How does the bank work to help reduce poverty on the continent?
The bank works to reduce poverty on the continent by mobilizing financial resources for investment, safeguarding financial stability, providing advisory services and creating partnerships with other development organizations.
What types of activities are supported by the AfDB?
The AfDB supports activities such as infrastructure projects (such as energy, water supply, transportation), agricultural projects (such as food security), education projects (such as scholarships) and health projects (such as HIV/AIDS prevention). It also provides financing for microfinance institutions, private sector investments and technical assistance in areas such as public finance management and public-private partnerships.
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