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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 .

Feb 11, 2020 · The Role of Congress in U.S. Policy at the MDBs Congress plays a critical role in U.S. participation in the MDBs through funding and oversight. Congressional legislation is required for the United States to make financial contributions to the banks. Appropriations for the concessional windows occur regularly, while appropriations for the

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