Multilateral development banks
Multilateral development banks, or MDBs, are supranational institutions set up by sovereign states, which are their shareholders.
Their remits reflect the development aid and cooperation policies established by these states.
They have the common task of fostering economic and social progress in developing countries by financing projects, supporting investment and generating capital.
MDBs also play a major role on the international capital markets by annually raising the large volume of funds required to finance their loans.