African Development Bank

AfDB (French: Banque Africaine de D‚veloppement) provides financing
through direct loans to African member states to cover the foreign exchange
costs incurred in Bank-approved development projects in those countries.
Fifty-one African countries are members and ordinarily receive loans. The
Republic of South Africa is the only African country not a member. The
African Development Bank comprises the AfDB as well as the African
Development Fund and the Nigeria Trust Fund. The Bank was established in
August 1963 (began operations in July 1966), with headquarters in Abidjan,
Cote d'Ivoire.