Question 49
International Economic OrganisationsOne major achievement of the Economic Commission for Africa (ECA) is the
- A.setting up of the African Development Bank (AfDB).
- B.provision of long term loans to non-members.
- C.reduction of balance of payments problems in Africa.
- 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.