Regional Development Banks

Regional Development Banks (RDBs) are financial institutions that support economic development in specific regions or countries. They provide funding, loans, and technical assistance to help governments and businesses implement development projects, such as infrastructure, education, and health services. RDBs aim to reduce poverty, promote sustainable growth, and improve living standards. Each bank focuses on its designated area, addressing local needs and challenges while fostering cooperation among member countries. Examples include the Asian Development Bank and the African Development Bank. By pooling resources and expertise, RDBs help stimulate economic development in their respective regions.