AfDB
Organizations & Companies abbreviation · International Organization
| Stands for | African Development Bank |
|---|---|
| Categories | Organizations & Companies |
AfDB stands for African Development Bank, an international organization abbreviation.
Multilateral development bank that finances infrastructure, agriculture, energy and private-sector projects across Africa. Its members include African countries and non-African shareholders.
Example: The AfDB financed a regional power line linking three countries.
Usage notes
Founded in 1964 and based in Abidjan, it moved temporarily to Tunis from 2003 to 2014 because of unrest in Côte d'Ivoire. Its group includes the African Development Fund, which gives concessional loans and grants to the poorest members. Its leadership is chosen by shareholders in a weighted vote.
Related abbreviations
More international organization abbreviations
- ADB – Asian Development Bank
- AIIB – Asian Infrastructure Investment Bank
- ANZUS – Australia, New Zealand, United States Security Treaty
- APEC – Asia-Pacific Economic Cooperation
- ASEAN – Association of Southeast Asian Nations
- AU – African Union
- AUKUS – Australia, United Kingdom, United States
- BIS – Bank for International Settlements
- BRICS – Brazil, Russia, India, China, South Africa
- CARICOM – Caribbean Community
- CERN – European Organization for Nuclear Research
- CIS – Commonwealth of Independent States