What does BAD mean in INTERNATIONAL
The Banque Africaine de Développement, or African Development Bank (AfDB) Group, is an international financial institution established with the aim of promoting economic and social progress in Africa. Founded in 1964, its mission is to foster economic cooperation and integration by assisting African countries with their development needs.
BAD meaning in International in International
BAD mostly used in an acronym International in Category International that means Banque Africaine de Développement (in French) African Development Bank Group
Shorthand: BAD,
Full Form: Banque Africaine de Développement (in French) African Development Bank Group
For more information of "Banque Africaine de Développement (in French) African Development Bank Group", see the section below.
Essential Questions and Answers on Banque Africaine de Développement (in French) African Development Bank Group in "INTERNATIONAL»INTERNATIONAL"
What services does the AfDB provide?
The AfDB Group provides a number of services that are designed to help African nations reach their development goals. These include loan financing for infrastructure projects, technical assistance for policy advice and capacity building, and grants for poverty reduction initiatives.
What is the scope of the AfDB's operations?
The AfDB operates across all 54 countries on the African continent, with offices located in many major cities. It works closely with regional institutions such as the African Union, the Arab Maghreb Union, and other multilateral organizations.
Who are members of the AfDB?
As of 2021, there are 80 member countries that make up to AfDB's membership; these include 54 countries from Africa, 24 non-African nations from around the world (e.g., Japan and Turkey), and two intergovernmental organizations (IGOs). All members have equal voting rights in making policy decisions related to the organization's work.
What sort of projects has the AfDB funded?
The AfDB has funded many different types of projects in Africa over its more than 55 years of operation. Examples include renewable energy projects such as solar farms, roads and bridges for transport networks, health centers for providing accessible healthcare services to local communities, and finance services such as microloans for small businesses owned by women entrepreneurs.
How does one apply for funding from the AFD?
Interested applicants can submit a proposal via its online portal which outlines their project objectives and associated costs. Once approved by its Board of Directors, applicants will then be able to access funds from AFD's loan programs at competitive interest rates which can applied towards implementing their proposed project(s).