WAEC Economics 2022 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) 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 balance of payments finance to members
- C. provide loans to members to finance viable projectsCorrect
- D. help members overcome their internal problems
Explanation
The main function of the AfDB is to provide loans to members to execute/finance viable projects, such as roads and other development projects.
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