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Regional development banks are intended to accelerate economic and social development of member states by promoting public and private investment. The banks are not meant, however, to be mere financial institutions in the narrow sense of the term. Required by their charters to take an active interest in improving their members’ capacities to make profitable use of local and external capital, they engage in such technical assistance activities as feasibility studies, evaluation and design of projects, and preparation of development programs. The banks also seek to coordinate their activities with the work of other national and international agencies engaged in financing international economic development. The five major regional development banks are discussed below.African Development Bank
Banque Africaine de Développement
The Articles of Agreement of the AfDB ...