Multilateral Development Bank - MDB
- 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.
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.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
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