WAEC - Economics (2022 - No. 43)
The main function of the African Development Bank (AFDB) is to
promote free trade and development among members
provide loans to finance balance of payment problems
provide loans to members to finance viable projects
help members overcome their internal problems
Forklaring
African Development Bank is a bank owned by African countries which belonged to the African Union. The objective are:
- Provision of loans to aid social and economic development of member nations.
- Provision of technical assistance for development projects and programms embarked upon by member nations.
- It fosters economic integration among member nations.
- Provision of loans to aid social and economic development of member nations.
- Provision of technical assistance for development projects and programms embarked upon by member nations.
- It fosters economic integration among member nations.