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Multilateral Development Banks: Overview and Issues for Congress (CRS Report for Congress)

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Release Date Revised Sept. 13, 2023
Report Number R41170
Report Type Report
Authors Rebecca M. Nelson, Specialist in International Trade and Finance
Source Agency Congressional Research Service
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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 marketbased terms. They also provide concessional assistance, including grants and loans at belowmarket rate interest rates, to low-income countries.
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