Multilateral Development Bank

A Multilateral Development Bank (MDB) is an organization formed by multiple countries that work together to provide financial support for economic development projects in various countries, especially those that need help improving infrastructure, education, or healthcare. MDBs lend or invest money to promote growth, reduce poverty, and create jobs, often offering favorable terms compared to private lenders. Examples include the World Bank and the Asian Development Bank. Their goal is to foster sustainable development and stability by pooling resources and expertise from member countries to address global and regional challenges.