Multilateral Development Banks: Overview and Issues for ...

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Multilateral Development Banks: Overview and Issues for Congress Updated February 11, 2020 Congressional Research Service R41170 Multilateral Development Banks: Overview and Issues for Congress Congressional Research Service Summary Multilateral Development banks (MDBs) provide financial assistance to developing countries in order to promote economic and social Development . The United States is a member, and donor, to five major MDBs: the World bank and four regional Development banks, including the African Development bank , the Asian Development bank , the european bank for Reconstruction and Development , and the Inter-American Development bank . The MDBs primarily fund large infrastructure and other Development projects and provide loans tied to policy reforms by the government. The MDBs provide non-concessional 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.

Feb 11, 2020 · African Development Bank (AfDB); the Asian Development Bank (AsDB); the European Bank for Reconstruction and Development (EBRD); and the Inter-American Development Bank (IDB).1 Congress plays a critical role in shaping U.S. policy at the MDBs through funding and oversight of U.S. participation in the institutions.

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