African Development Bank (AfDB)

The African Development Bank (AfDB) is a regional multilateral development finance institution established to contribute to the economic development and the social progress of African countries – the institution's regional member countries. It was founded following an agreement signed by member states in 1963 in Khartoum, Sudan, and which became effective in 1964. It comprises three entities: the African Development Bank, the African Development Fund and the Nigeria Trust Fund.