WAEC Economics 2011 Theory — Question 24

Model answer

Objectives of ADB: (i) to finance projects aimed at promoting the social socio-economic development of African countries, (ii) to aid mobilization of funds from within and outside the continent, (iii) to undertake activities and provide services aimed at improving the welfare of African people, (iv) to provide technical assistance to African nations in areas of project appraise, finance and execution, (v) to participate in selecting projects for member nations to ensure their orderly development (any three).