Development Banks

Development banks are specialized financial institutions that provide funding and support for economic development projects, particularly in developing countries. They offer loans, investment, and technical assistance to foster projects in areas like infrastructure, agriculture, and education, which can stimulate economic growth and improve living standards. Unlike commercial banks, development banks focus on long-term benefits rather than immediate profits, often working with governments or private businesses to achieve broader social and economic goals. Their role is crucial in financing initiatives that may not attract traditional bank funding due to higher risks or longer payback periods.