African Development Bank
[ə-ˈfri-kən di-ˈvel-əp-mənt ˈbaŋk]
noun
Banco Africano de Desenvolvimento
1. A multilateral development bank established to promote economic development and social progress in African countries
The African Development Bank approved a loan to improve infrastructure in West Africa.
O Banco Africano de Desenvolvimento aprovou um empréstimo para melhorar a infraestrutura na África Ocidental.
2. An international financial institution headquartered in Abidjan, Ivory Coast, founded in 1964
The African Development Bank is one of the largest multilateral development institutions in the world.
O Banco Africano de Desenvolvimento é uma das maiores instituições multilaterais de desenvolvimento do mundo.
The African Development Bank (AfDB) is a crucial institution in global development discourse, particularly relevant in discussions about emerging markets, African economic growth, and international development cooperation. In Brazil, given its own status as a developing nation and member state, references to the AfDB are common in academic, governmental, and financial sectors when discussing development economics and South-South cooperation.
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