The bank established to finances project aimed at promoting economic and social development within the African continent is

JAMB Economics 2024 144 views
Source: JAMB · 2024

The bank established to finances project aimed at promoting economic and social development within the African continent is

  1. African bank for commerce and industry
  2. African development bank ✓
  3. economic bank for African
  4. recovery fund bank for Africa
Explanation

The African Development Bank (AfDB) funds projects for economic and social development in Africa. It was founded in 1964.

The AfDB has 54 African member countries. It gives loans and grants for infrastructure, education, and health.

This bank aims to reduce poverty and improve living conditions across the African continent.

Was this explanation helpful?

pastQuestions.ng pastquestions.ng