The ADB is a multilateral development bank whose shareholders include 53 African countries and 24 non-African countries from the Americas, Asia, and Europe.
It was established in 1964, with its headquarters in Abidjan, Côte d’Ivoire, and officially began operations in 1967.
The African Development Bank (ADB) is a regional multilateral development finance institution established in 1964 and engaged in mobilising resources towards the economic and social progress of its Regional Member Countries (RMCs). It is headquartered in Abidjan (Côte d’Ivoire).
The African Development Bank is the premier financial development institution of Africa, dedicated to combating poverty and improving the lives of people of the continent and engaged in the task of mobilizing resources towards the economic and social progress of its Regional Member Countries.The Bank’s s mission is to promote economic and social development through loans, equity investments, and technical assistance.
In May 1999, the Board of Governors of the African Development Bank Group (“the Bank”) adopted the Vision of the African Development Bank – A Re-Invigorated Bank: an Agenda for Moving Forward. This “Vision”, a product of extensive consultations with all of the Bank’s stakeholders on its mission stance, sets out the long-term strategic focus for the Bank
The present Organization of the Bank is based on the reorganization of the Bank undertaken in 2001 and takes into account the different adjustments made hereafter. This describes the functions and responsibilities of the Bank's Organizational Units and its standing Committees.
