CRS – Multilateral Development Banks: Overview and Issues for Congress

Multilateral Development Banks: Overview and Issues for Congress – Rebecca M. Nelson, Analyst in International Trade and Finance, April 18, 2012

  • “The multilateral development banks (MDBs) include the World Bank and four smaller regional development banks: the African Development Bank (AfDB), the Asian Development Bank (AsDB), the European Bank for Reconstruction and Development (EBRD), and the Inter-American Development Bank (IDB). The United States is a member of, and major donor to, each of the MDBs. The MDBs provide financial assistance to developing countries in order to promote economic and social development. They primarily fund large infrastructure and other development projects and, increasingly, provide loans tied to policy reforms by the government. The MDBs provide nonconcessional financial assistance to middle-income countries and some creditworthy low-income countries on market-based terms. They also provide concessional assistance, including grants and loans at below-market rate interest rates, to low-income countries.”
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