What are multilateral development banks? What is their purpose? Who supports these banks?
What will be an ideal response?
A multilateral development bank (MDB) is an internationally supported bank that provides loans to developing countries to help them grow. The five major MDBs-the World Bank, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, and European Bank for Reconstruction and Development-are supported by the industrialized nations, including the United States.
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