The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.The Bank Group achieves this obective by mobilizing and allocating resources for investment in RMCs; and providing policy advice and technical assistance to support development efforts.
Over the years, the Bank Group has continued to pursue its institutional reforms aimed at maximizing its development effectiveness and the quality of its operations, supporting efforts by its regional member countries and building their capacity to strengthen their economies. The Bank has also consolidated its role as the continent's premier development finance institution, a knowledge and research centre and the preeminent voice for African development issues. For purposes of accountability and efficient management, the Bank has adopted a structure comprising six vice presidential complexes.
About The AfDB:
Established to help development efforts on the continent, the African Development Bank (AfDB) Group comprises three distinct entities under one management: the African Development Bank (ADB) which is the flagship or parent institution, established on August 4, 1963 in Khartoum, Sudan, by the then 23 newly independent African countries; as well as two concessionary windows - the African Development Fund (ADF), established on November 29, 1972, by the African Development Bank and 13 non-African countries, and the Nigeria Trust Fund (NTF), set up in 1976 by the Federal Government of Nigeria.
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