A presentation of an important institution for the African economy: The African Development Bank.

The African Development Bank (ADB) is a bank established in 1964 with the intention of promoting economic and social development in Africa. It is a conglomeration of the African Development Bank (ADB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF).  its first goal is  to make loans and equity investments for the economic and social advancement.The bank has highlighted over the years  the role of women, education and structural reforms, the fight against HIV/AIDS and lent its support to key initiatives for the Heavily Indebted Poor Countries (HIPC’s) and the New Partnership for Africa’s Development (NEPAD). It is composed of 78 members: 53 countries in Africa and 25 American, European, and Asian countries.

to promote: promouvoir

a goal: un but, une visée

a loan: un prêt

to highlight: mettre en lumière

to support: soutenir

a partnership: un partenariat

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Publié par Formosius le 2 décembre 2008 dans Non classé
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