Q. With reference to the African Development Bank (AfDB), consider the following statements:
1.It was established with the primary aim of promoting poverty alleviation and socio-economic development in Africa.
2.Its headquarters is located in Addis Ababa, Ethiopia.
3.India is one of the non-African member countries of the Bank.
Which of the statements given above are correct?

[A] 1 and 3 only

[B] 2 only

[C] 1, 2 and 3

[D] 1 and 2 only

Answer: A
Notes:

Explanation:

  • Statement 1 is correct – The African Development Bank was established to promote poverty alleviation and sustainable socio-economic development across African countries.
  • Statement 2 is incorrect – The headquarters of AfDB is located in Abidjan, Côte d’Ivoire, not Addis Ababa.
  • Statement 3 is correct – India is among the 27 non-African countries that are members of AfDB, in addition to 54 African nations.

Source- African Development Bank (AfDB) official site

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