NABTEB Economics 2022 Objective — Question 49
Question 49 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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The main function of the African Development Bank (AfDB) is to
- A. promote free trade and development among members
- B. provide loans to finance balance of payments problems
- C. provide loans to members to finance viable projectsCorrect
- D. help members overcome their internal problems
Explanation
The African Development Bank (AfDB) is a financial institution set up by independent African countries to provide loans to members to finance viable projects that facilitate economic development.
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