Multilateral Development Banks
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East African Development Bank (EADB)
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East African Development Bank (EADB)

by Selin CanJuly 11, 2017
Overview
Abbreviation

EADB

Founded

1967

Headquarters

Kampala, Uganda

Phone Number

+256 417 112900

Website

http://eadb.org

East African Development Bank (EADB)

The East African Development Bank (EADB) is a development finance institution with the objective of promoting development in the member countries of the East African Community. EADB was established in 1967 under the treaty of the then East African Cooperation between Kenya, Tanzania, and Uganda.

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About The Community Member
Selin Can
Multilateral development banks, or MDBs, are supranational institutions set up by sovereign states, which are their shareholders. Their remits reflect the development aid and cooperation policies established by these states. They have the common task of fostering economic and social progress in developing countries by financing projects, supporting investment and generating capital. MDBs also play a major role on the international capital markets by annually raising the large volume of funds required to finance their loans.

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