WAEC Economics 2022 Question 49

Question 49

International Economic Organisations

The main function of the African Development Bank (AfDB) is to

  1. A.promote free trade and development among members
  2. B.provide loans to finance balance of payments problems
  3. C.provide loans to members to finance viable projects
  4. D.help members overcome their internal problems
Show the answer and explanation

Answer: C (provide loans to members to finance viable projects)

Explanation

The AfDB lends for development projects.