Summary presentation of ECA sponsored regional and subregional institutions

Abstract

Name of Institution: African Development Bank (ADB) Headquarters and address; P.O. Box 1387? Abidjan, Ivory Coast (a) Date established Agreement signed on 4 August 1963) came into force on 10 September 1964 (b) Resolution establishing the Institutions Commission resolutions of February 1961 and 52(lV) of 1 March 1962, Geographical area served^ All independent African countries Participating member.1 States t Angola, Algeria, Benin, Botswana, 3urundi, Cameroon, Cape Verde, Sierra Leone, Central African Republic, Comoros, Congo, Djibouti, Sgypt, Equatorial Guinea, Ethiopia, Gabons Somalia, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Sudan, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Swaziland, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Tanzania, Togo, Tunisia, Uganda, Upper Volta, Morocco, Mozambique, Zimbabwe, Zambia and Zaire. Membership now also open to countries outside Africa* Objectives of the Institutions to contribute to the economic and social development of its member countries either individually or jointly by promoting the investment of public and private capital in Africa. Budget Not available. The members of ADS in general pay their contributions regularly.