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Multilateral Development Banks: Overview and Issues for ...

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.

Feb 11, 2020 · some creditworthy low-income governments, and private-sector firms in developing countries.3 1 There are also several subregional development banks, such as the Caribbean Development Bank and the Andean Development Corporation. However, the United States is not a member of these subregional development institutions,

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