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International Financial Institutions And Global Business Strategies Practice Test

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Which development bank promotes economic growth in Africa, funding agricultural projects and infrastructure?
Correct Answer:
AfDB
Explanation:
Focusing on financing growth within a specific region, the African Development Bank is the institution whose mandate centers on Africa. It provides long-term financing, loans, grants, and technical support tailored to African countries, with strong emphasis on agriculture and infrastructure such as roads, power, irrigation, and rural development. This regional focus makes it the most direct match for promoting economic growth in Africa through funding agricultural projects and infrastructure. The World Bank operates globally and funds projects in many regions, but isn’t Africa-specific. The NYSE and LSE are stock exchanges, not development banks.

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