Multilateral Development Bank - MDB

AAA

DEFINITION of 'Multilateral Development Bank - MDB'

A financial institution that provides financing for national development. The bank is formed by a group of countries, consisting of both donor and borrowing nations. Furthermore, an MDB offers financial advice regarding development projects.

INVESTOPEDIA EXPLAINS 'Multilateral Development Bank - MDB'

The best-known multilateral development bank is the Word Bank, which extends loans and credits to a plethora of countries. Other popular MDBs include the African Development Bank and the Asian Development Bank.

RELATED TERMS
  1. Globalization

    The tendency of investment funds and businesses to move beyond ...
  2. Organization for Economic Cooperation ...

    A group of 30 member countries that discuss and develop economic ...
  3. The World Bank

    An international organization dedicated to providing financing, ...
  4. African Development Bank - ADB

    A financial institution comprising 53 African and 24 non-African ...
  5. Asian Development Bank

    Founded in 1966, its headquarters are in Manila, Philippines. ...
  6. World Trade Organization - WTO

    An international organization dealing with the global rules of ...
Related Articles
  1. What Is International Trade?
    Personal Finance

    What Is International Trade?

  2. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  3. What Is The Bank For International Settlements?
    Personal Finance

    What Is The Bank For International Settlements?

  4. What Is The World Trade Organization?
    Economics

    What Is The World Trade Organization?

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center