Public Procurement Market Information: MDB’s
Multilateral Development BanksA multilateral development bank
(MDB) is an international financial institution chartered by two or more
countries for the purpose of encouraging economic development in poorer
nations. Multilateral development banks consist of member nations from developed
and developing countries.
MDBs provide loans and grants to member nations to fund projects that support
social and economic
development,
such as the building of new roads or providing clean water to communities.Multilateral development banks are
subject to international law. They and other international financial
institutions, such as the International Monetary Fund
(IMF), originated in the waning days of
World War II when the United States and its allies established the Bretton
Woods institutions to rebuild
war-ravaged nations and stabilize the post-war international financial system.
The World Bank, which has been semi-officially dominated by the U.S. since its
founding, is one of these institutions.
Unlike commercial banks,
MDBs do not seek to maximize profits for their shareholders. Instead, they prioritize
development goals, such as ending extreme poverty and reducing economic
inequality. They often lend at low or no interest or provide grants to fund
projects in infrastructure, energy, education, environmental sustainability, and
other areas that promote development. https://www.adb.org/projectsAsian Development BankThe Asian Development
Bank (ADB) is a regional
development bank established
on 19 December 1966,[4] which is headquartered in
the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31
field offices around the world[5] to promote social and economic development in Asia. The bank admits the
members of the United
Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the
Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries.[6] From 31 members at its
establishment, ADB now has 68 members.The ADB was modeled closely on
the World Bank, and has a similar weighted voting system where votes are distributed in
proportion with members' capital subscriptions. ADB releases an annual report
that summarizes its operations, budget and other materials for review by the
public.[7] The ADB-Japan Scholarship
Program (ADB-JSP) enrolls about 300 students annually in academic institutions
located in 10 countries within the Region. Upon completion of their study
programs, scholars are expected to contribute to the economic and social
development of their home countries.[8] ADB is an official United Nations Observer.[9]
As of 31 December 2018, Japan and
the United States each holds the largest proportion of shares at 15.571%. China
holds 6.429%, India holds 6.317%, and Australia holds 5.773%.[10] https://mapafrica.afdb.org/en/African Development Bank
The African Development
Bank Group (AfDB or ADB) or Banque Africaine de Développement (BAD)
is a multilateral
development finance institution.
The AfDB was founded in 1964 and comprises three entities: The African
Development Bank, the African Development Fund and the Nigeria Trust
Fund. [1][2] The AfDB's mission is to
fight poverty and improve living conditions on the continent through promoting
the investment of public and private capital in projects and programs that
are likely to contribute to the economic and social development of the region.[3][4] [5] The AfDB is a financial
provider to African governments and private companies investing in the regional
member countries (RMC). While it was originally headquartered in Abidjan, Côte d'Ivoire, the bank's headquarters moved
to Tunis, Tunisia, in 2003, due to the Ivorian civil war; before returning in September
2014.[6][7][8] https://www.iadb.org/en/calls-for-proposalsInter-american Development Bank
The IDB is the largest multilateral
source of financing for the Latin America and the Caribbean region.[4] The IDB makes loans to the
governments of its borrowing member countries at standard commercial rates of
interest, and
has preferred creditor status, meaning that
borrowers will repay loans to the IDB before repaying other obligations to
other lenders such as commercial banks. Established in 1959, the IDB
supports Latin American and Caribbean economic development, social development
and regional integration by lending to governments and government agencies,
including State corporations.
https://projects.worldbank.org/en/projects-operations/projects-homeThe World Bank
The World Bank is an international
financial institution that
provides loans and grants to the governments of low- and middle-income
countries for the purpose of pursuing capital projects.[5] It comprises two
institutions: the International
Bank for Reconstruction and Development (IBRD),
and the International
Development Association (IDA).
The World Bank is a component of the World Bank Group. With 189 member countries, staff
from more than 170 countries, and offices in over 130 locations, the World Bank
Group is a unique global partnership: five institutions working for sustainable
solutions that reduce poverty and build shared prosperity in developing
countries. https://www.ebrd.com/work-with-us/procurement/project-procurement.htmlEuropean Bank for Reconstruction and
Development
he European Bank for Reconstruction
and Development (EBRD) is an international
financial institution founded
in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the
countries of the former Eastern Bloc it expanded to support
development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development
banks, the EBRD has members from all over the world (North America, Africa,
Asia and Australia, see below), with the biggest shareholder being the United States, but only lends regionally in its
countries of operations. Headquartered in London, the EBRD is owned by 69 countries
and two EU institutions, the 69th
being India since July 2018. Despite its
public sector shareholders, it invests in private enterprises, together with
commercial partners.
2022-08-12