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Multilateral Development Bank
 
 
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A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development
International development

International development is a concept that lacks a universally accepted definition, but it is most used in a holistic and multi-disciplinary context of human development - the development of livelihoods and greater quality of life for humans....
. MDBs have large memberships including both developed
Developed country

The term developed country is used to describe countries that have a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue and there is fierce debate about this....
 donor countries and developing
Developing country

A developing country is a country that has often low standards of democracy, industrialisation, Social work, and Human rights for its citizens....
 borrower countries. MDBs finance projects in the form of long-term loans at market rates, very-long term loans (also known as credits) below market rates, and through grants.

The following are usually classified as the main MDBs:

There are also several "Sub-Regional" Multilateral Development Banks.






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A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development
International development

International development is a concept that lacks a universally accepted definition, but it is most used in a holistic and multi-disciplinary context of human development - the development of livelihoods and greater quality of life for humans....
. MDBs have large memberships including both developed
Developed country

The term developed country is used to describe countries that have a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue and there is fierce debate about this....
 donor countries and developing
Developing country

A developing country is a country that has often low standards of democracy, industrialisation, Social work, and Human rights for its citizens....
 borrower countries. MDBs finance projects in the form of long-term loans at market rates, very-long term loans (also known as credits) below market rates, and through grants.

The following are usually classified as the main MDBs:
  • World Bank
    World Bank

    The World Bank is a bank that provides financial and technical assistance to developing countries for development programs with the stated goal of reducing poverty....
  • African Development Bank
    African Development Bank

    The African Development Bank Group is a Multilateral Development Bank established in 1964 with the intention of promoting economic and social development in Africa....
  • Asian Development Bank
    Asian Development Bank

    The Asian Development Bank is a Multilateral development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance....
  • European Bank for Reconstruction and Development
    European Bank for Reconstruction and Development

    Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia....
  • Inter-American Development Bank
    Inter-American Development Bank

    The Inter-American Development Bank , is an international organization established and headquartered in Washington, D.C., United States, in 1959 to support Latin America and Caribbean economic and social development and regional integration by lending mainly to governments and government agencies, including State corporations....
     Group


There are also several "Sub-Regional" Multilateral Development Banks. Their membership typically includes only borrowing nations. The banks borrow from and lend to their members. These banks include:
  • Corporación Andina de Fomento
    Corporación Andina de Fomento

    Corporaci?n Andina de Fomento is a multilateral financial institution, more specifically a development bank, that provides banking services to both public and private clients....
     (CAF)
  • Caribbean Development Bank
    Caribbean Development Bank

    The Caribbean Development Bank is a financial institution which assists Caribbean nations in financing social and economic programs in its member countries....
     (CDB)
  • Central American Bank for Economic Integration (CABEI)
  • East African Development Bank
    East African Development Bank

    DescriptionEast African Development Bank is a leading development finance institution with the objective of promoting development in East Africa....
     (EADB)
  • West African Development Bank
    West African Development Bank

    The West African Development Bank - WADB is an international Multilateral Development Bank established in 1973 to serve the nations of Francophone and Lusophone West Africa....
     (BOAD)
  • Black Sea Trade and Development Bank
    Black Sea Trade and Development Bank

    The Black Sea Trade and Development Bank is an international financial institution that supports economic development and regional cooperation by providing trade and project financing, guarantees, and equity for development projects supporting both public and private enterprises in its member countries....
     (BSTDB)


There are also several Multilateral Financial Institutions (MFIs). MFI's are similar to MDBs but they are sometimes separated since they have more limited memberships and often focus on financing certain types of projects.
  • European Commission
    European Commission

    The European Commission is the executive of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Treaties of the European Union and the general day-to-day running of the Union....
     (EC)
  • European Investment Bank
    European Investment Bank

    The European Investment Bank is the European Union's long-term lending institution established in 1958 under the Treaty of Rome. A policy-driven bank, the EIB supports the EU?s priority objectives, especially European integration and the development of economically weak regions....
     (EIB)
  • International Fund for Agricultural Development
    International Fund for Agricultural Development

    The International Fund for Agricultural Development , a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference....
     (IFAD)
  • Islamic Development Bank
    Islamic Development Bank

    Islamic Development Bank , is a multilateral development financing institution located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organization of the Islamic Conference , convened 18 December 1973....
     (IDB)
  • Nordic Investment Bank
    Nordic Investment Bank

    The Nordic Investment Bank provides long-term loans and guarantees to private and public projects that strengthen competitiveness and enhance the environment....
     (NIB)
  • OPEC Fund for International Development
    OPEC Fund for International Development

    The OPEC Fund for International Development is a organization that channels OPEC aid to developing countries. OFID receives its money directly from OPEC member states, which as of 2007, totaled $3.5 billion....
     (OPEC Fund)
  • Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden NV (FMO)


See also

  • Climate Investment Funds
    Climate Investment Funds

    The Climate Investment Funds are a collaborative effort among the Multilateral Development Banks and countries to bridge the financing and learning gap between now and a post-2012 global climate change agreement....
  • International financial institution