African Development Bank to Leave Tunis; Government Denies Negative Ramifications

After nearly a decade of operating in Tunis, the headquarters of the African Development Bank (AfDB) has finalized plans to return to Côte d’Ivoire, raising questions about the effect the relocation will have on Tunisia.

The AfDB is a multilateral development finance institution consisting of 77 African and non-African countries which funds a variety of public and private projects throughout the continent.

The AfDB moved to Tunis in 2003 due to civil war in Côte d’Ivoire. While its eventual return to the capital Abidjan has been official policy, the May announcement ….. Continue Reading