multilateral development banks (mdbs)
Multilateral development banks (MDBs) are financial institutions that provide loans and grants to developing countries for the purpose of promoting economic development and reducing poverty. They are owned and governed by multiple countries, and work to mobilize resources from member countries and other sources to fund projects and programs that support sustainable development objectives.
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Similar Concepts
- aid to developing countries
- asian development bank (adb)
- bank lending
- bank loans
- bank reserves
- commercial banks
- development aid
- development assistance programs
- european bank for reconstruction and development (ebrd)
- inter-american development bank (idb)
- international financial institutions
- joint investment and development projects between regional economic blocs
- multilateral central bank agreements
- multilateral lending
- world bank group