Regional Banks — Set 3
World Organizations · क्षेत्रीय बैंक · Questions 21–30 of 50
The East African Development Bank (EADB) is based in which city?
Correct Answer: B. Kampala
The EADB was established in 1967 and is headquartered in Kampala, Uganda. It provides financial and advisory services to its member states: Kenya, Uganda, Tanzania, and Rwanda. The bank aims to promote development and integration within the East African community.
Which regional financial institution was founded in 1976 and is headquartered in Luxembourg?
Correct Answer: B. EIF
The European Investment Fund (EIF) was established in 1994, though it has roots in earlier discussions. It provides venture capital and guarantees for small and medium-sized enterprises (SMEs). It is majority-owned by the European Investment Bank (EIB).
The Andean Development Corporation is the former name of which current regional bank?
Correct Answer: A. CAF
CAF was originally known as the Corporación Andina de Fomento (Andean Development Corporation). It rebranded as CAF - Development Bank of Latin America to reflect its expanded membership. It is currently one of the main sources of multilateral financing in Latin America.
Which organization serves as the Secretariat for the Asian Development Bank?
Correct Answer: D. None - it is independent
The Asian Development Bank is an independent multilateral organization with its own board and president. It maintains a close working relationship with the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). However, it is not a part of any other regional political organization's secretariat.
The Eurasian Development Bank (EDB) was founded by which two countries in 2006?
Correct Answer: B. Russia and Kazakhstan
The EDB was established by Russia and Kazakhstan in January 2006 to promote market economies and trade in Eurasia. It has since expanded to include Armenia, Belarus, Kyrgyzstan, and Tajikistan. The bank is headquartered in Almaty, Kazakhstan.
The Southern African Development Community (SADC) uses which regional bank as its financial wing?
Correct Answer: A. DBSA
The Development Bank of Southern Africa (DBSA) is a government-owned development finance institution that supports the SADC region. It focuses on infrastructure development in sectors like water, energy, and transport. It was established in 1983 and is based in Midrand, South Africa.
Which bank is the main multilateral development bank for the Central Asian region?
Correct Answer: C. ADB
While several banks operate there, the Asian Development Bank (ADB) has historically been the primary multilateral source of development finance for Central Asia. It funds major regional projects under the Central Asia Regional Economic Cooperation (CAREC) program. This program includes countries like Uzbekistan, Turkmenistan, and Kazakhstan.
The Kuwait Fund for Arab Economic Development (KFAED) was the first such fund to be established by which group?
Correct Answer: B. A developing nation
KFAED was established in 1961 as the first development fund set up by a developing country to help other developing countries. Although it initially focused on Arab countries, it later expanded to help all developing nations worldwide. It provides soft loans and technical assistance for development projects.
Which regional bank's membership is strictly limited to nations that are members of the African Union?
Correct Answer: A. AfDB
The African Development Bank (AfDB) requires its regional members to be part of the African Union. It also has non-regional members from Europe, the Americas, and Asia who provide capital and expertise. This structure ensures that the bank remains focused on the needs of the African continent.
The ECOWAS Bank for Investment and Development (EBID) is based in which country?
Correct Answer: C. Togo
EBID is the financial arm of the Economic Community of West African States (ECOWAS) and is based in Lomé, Togo. It was established in 1975 to foster economic growth and regional integration in West Africa. The bank supports both the public and private sectors in its 15 member states.