A supranational financial institution chartered by a group of countries. All member countries are shareholders, acting as creditors and/or borrowers. MDBs fund large infrastructure projects, offer loans tied to policy reforms, and provide other forms of financial assistance to developing countries in order to promote economic and social development.
Adapted from Inclusive Development International (IDI), "Community Guide to the Asian Infrastructure Investment Bank," 2020, View the PDF; European Investment Bank (EIB), "Multilateral development banks," accessed in 2022, View the Website; Congressional Research Service (CRS), "Multilateral Development Banks: Overview and Issues for Congress," 2020, View the PDF; Rebecca Ray, "Who Controls Multilateral Development Finance?," 2019, View the PDF.