Multilateral Development Banks

Multilateral Development Banks (MDBs) are international financial institutions that provide funding and support for development projects in various countries. They aim to reduce poverty and promote sustainable economic growth by financing infrastructure, education, healthcare, and other essential services. MDBs are owned by multiple countries, which allows them to pool resources and share risks. Examples include the World Bank and the Asian Development Bank. By lending to both public and private sectors in developing nations, MDBs play a crucial role in fostering economic stability and improving living standards around the world.