Question 48
International Economic OrganisationsThe major purpose of African Development Bank is to
- A.provide loans for trade development
- B.provide loans for infrastructural development
- C.provide loans for development banks in distress
- D.educate peasant farmers in new techniques
Show the answer and explanation
Answer: B (provide loans for infrastructural development)
Explanation
The African Development Bank lends to member countries mainly for development projects such as roads, power and water.