Multilateral Development Bank

Glossary

Banking

Multilateral Development Bank

Multilateral development banks (MDBs) are supranational institutions established by multiple governments to advise on and finance economic and social development. MDBs make development loans, make investments, and provide technical resources . Loans are funded by shareholder governments and supplemented by borrowing in the capital markets. Examples of MDBs: African Development Bank, Andean Development Corporation (CAF), Asian Development Bank, Asian Infrastructure Investment Bank, Black Sea Trade and Development Bank, Caribbean Development Bank, Central American Bank for Economic Integration, Council of Europe Development Bank, European Bank for Reconstruction & Development, European Investment Bank, Inter-American Development Bank, International Finance Facility for Immunisation, Islamic Development Bank, New Development Bank, Nordic Investment Bank and the World Bank Group (the World Bank a.k.a. International Bank for Reconstruction and Development, International Finance Corporation, International Development Association and Multilateral Investment Guarantee Agency).

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