Development Banking

Development banking refers to financial institutions that provide targeted funding to support economic growth, social progress, and infrastructure projects in a country or region. Unlike commercial banks that focus on profit, development banks aim to promote long-term development goals such as building roads, schools, or industries, often offering affordable loans, grants, or technical assistance. Their focus is on projects that may not be immediately profitable but are crucial for overall development, job creation, and poverty reduction, helping to shape sustainable and inclusive economic progress.