Consider the following statements regarding African development bank 1 It was establi...........

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Consider the following statements regarding African development bank:

1. It was established in 1963.

2. India is the member of this bank.

Which of the statement(s) given above is/are correct?

1 only

2 only

Both

None

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Explanation:

The Agreement establishing the African Development Bank was adopted and opened for signature at the Khartoum, Sudan, conference on August 4, 1963.
This agreement entered into force on September 10, 1964. The Bank began effective operations on July 1, 1966. Its major role is to contribute to the economic and social progress of its regional member countries - individually and collectively.
India joined the African Development Bank (AfDB) in 1983.