Multilateral Development Banks (MDBs)

Multilateral Development Banks (MDBs) are international financial institutions created by multiple countries to provide funding and technical expertise for economic development projects, especially in developing nations. They aim to reduce poverty, improve infrastructure, and promote sustainable growth by offering loans, grants, and advice. Examples include the World Bank and the African Development Bank. MDBs work collaboratively with governments, private sector partners, and communities to support projects like roads, schools, and energy systems, helping countries build better infrastructure and strengthen their economies over the long term.