The headquarters of the African Development Bank (ADB) was originally located at

Assessment: WAEC SSCE - Economics - 2009 (Objective) Subject: Economics

Question 1 Report

The headquarters of the African Development Bank (ADB) was originally located at
Answer Details
The headquarters of the African Development Bank (ADB) was originally located in Abidjan, Côte d'Ivoire. The African Development Bank is a regional multilateral development bank that was founded in 1964 to promote economic and social development in Africa. It provides financial and technical assistance to African countries in support of development projects and programs. At its founding, the ADB's headquarters was established in Abidjan, Côte d'Ivoire, which was also the location of its first Annual Meeting of the Board of Governors. The headquarters remained in Abidjan until 2003 when political instability in Côte d'Ivoire forced the bank to temporarily relocate its headquarters to Tunis, Tunisia. In 2014, the ADB officially returned its headquarters to Abidjan, where it remains to this day. The bank's return to Abidjan was seen as a symbol of the country's return to stability and a recognition of its important role in promoting development in Africa.

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