One of the objectives of ADB is to

Economics

JAMB 2010

A. provide subsidies on imported goods to member countries
B. mobilize short-term loans for member countries
C. promote economic and social development of member countries
D. provide technical assistance to only poor member countries

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Correct Answer: Option C

Explanation

The main aim of the Africa development bank is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.

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