WAEC Economics 2024 Question 49

Question 49

International Economic Organisations

One major achievement of the Economic Commission for Africa (ECA) is the

  1. A.setting up of the African Development Bank (AfDB).
  2. B.provision of long term loans to non-members.
  3. C.reduction of balance of payments problems in Africa.
  4. D.removing the gap between African countries and the rich nations.
Show the answer and explanation

Answer: A (setting up of the African Development Bank (AfDB).)

Explanation

The ECA sponsored the founding of the AfDB in 1964.