African Development Bank

The African Development Bank Group (AfDB or ADB) or Banque Africaine de Développement (BAD) is a multilateral development finance institution that was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. It mission is to combat poverty and improve living conditions on the continent through promoting and uplifting the investment of public and private capital in projects and programs that will contribute to the economic and social development of the region. It has headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved to Tunis, Tunisia, in 2003.^[1][2]

African Development Bank

AfDB headquarters building in Abidjan
Abbreviation	AfDB
Motto	Building today, a better Africa tomorrow
Formation	September 10, 1964 (1964-09-10)
Type	International organization
Legal status	Treaty
Purpose	Regional development
Headquarters	Abidjan, Côte d'Ivoire
Membership	81 countries
President	Akinwumi Adesina
Main organ	Board of Executive Directors
Staff	1,500 as of 31 December 2016
Website	www.afdb.org