African Development Bank Group General Information
The African Development Bank (AfDB) is an economic development agency based in Abidjan, Cote d'Ivoire. The firm is a multilateral development financial institution, comprising of three distinct entities namely the African Development Bank, the parent institution, and two affiliates, the African Development Fund (ADF) and the Nigerian Trust Fund (NTF). The overall objective of the AfDB group is to support the economic development and social progress of African countries individually and collectively, by promoting investment of public and private capital in projects and programs designed to reduce poverty and improve living conditions. The bank is managed and administered by the board of governors.