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    DB at a Glance

    We have prepared a convenient information sheet with key figures and facts about United Nations Development Business.

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    World Bank

    The World Bank was established in 1944 at the Bretton Woods conference to speed up post-war reconstruction, to aid political stability, and to foster peace. This was to be fulfilled through the establishment of programs for reconstruction and development. Its mission is to fight poverty for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. It is comprised of two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Complemented by the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC) and the International Centre for Settlement of Investment Disputes (ICSID), the five agencies together form the World Bank Group. 

    African Development Bank

    Founded in 1964, the African Development Bank (AfDB) Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively - in their efforts to achieve sustainable economic development and social progress.

    African Union Commission

    The African Union (previously the Organization of African Unity) was established in 1963 to, inter alia,  promote unity and solidarity among African States; to coordinate and intensify  cooperation for development; to safeguard the sovereignty and territorial  integrity of Member States and to promote international cooperation within the  framework of the United Nations. It is a very effective forum that enables all  Member States to adopt coordinated positions on matters of common concern to  the continent in international fora and collectively defend the interests of Africa. 

    Asian Development Bank

    Founded in 1966, the Asian Development Bank is entrusted with the formidable task of eradicating poverty of nearly 2 billion people while promoting sustainable development and economic growth on the largest and most populous continent. The ADB has been responsible for providing substantial loans and equity investments as well as technical assistance for the execution of these projects.

    Asian Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a current membership of 57 countries. The AIIB is a modern knowledge-based institution and will focus on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. The AIIB has put in place strong policies on governance, accountability, financial, procurement and environmental and social frameworks. For further information, go to www.aiib.org

    Banco Centro Americano de Integración Económica

    The Banco Centro Americano de Integración Económica was founded in 1960 by Costa Rica, Honduras, Guatemala, El Salvador and Nicaragua. It has since expanded to 13 members including Spain and Taiwan. The Bank’s mandate is to promote the economic and social development of Central America with special emphasis on low interest loans for infrastructure projects.

    Black Sea
    Trade and Development Bank

    BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The recently increased authorized capital of the Bank is SDR 3 billion (approx. USD 4, 85 billion……..

    Caribbean Development Bank

    The Caribbean Development Bank is devoted to the social and economic development of its member nations in the Caribbean basin. Since its launch in 1969 at the end of the post-colonial period, CDB has focused it resources on being a catalyst for self-reliance in the region.

    European Bank for Reconstruction and Development

    Since its establishment in 1991, the European Bank for Reconstruction and Development has become the largest investor in regional projects, dispensing advisory services and assisting in policy development. It comprises 61 countries, including the recently independent nations of the Balkans and Central Asia, the European Union and the European Investment Bank.

    Eurasian Development Bank

    Eurasian Development Bank (EDB) is an international financial organization established to promote economic growth in its member states, extend trade and economic ties between them and to support integration in Eurasia.

    The Bank was conceived by the Presidents of the Russian Federation and the Republic of Kazakhstan and established in 2006, following the signing of an international agreement by the Presidents of those two countries on 12 January that year. The Republic of Armenia and the Republic of Tajikistan, the Republic of Belarus and the Kyrgyz Republic became full members of the Bank in 2009, 2010 and 2011 respectively.

    The Bank’s activities are aimed at creating the conditions necessary for encouraging sustainable economic development, promoting integration between EDB member states and mitigating the consequences of the global financial and economic crisis.

    EDB manages the EurAsEC Anti-crisis Fund (ACF) Resources.


    Many governments in the developing world have made it mandatory to publish procurement information in Development Business.  These projects are largely funded by the governments themselves and not by any multilateral development agency.

    Inter-American Development Bank

    The Inter - American Development Bank supports efforts by Latin America and the Caribbean countries to reduce poverty and inequality. It is the largest source of development financing for Latin America and the Caribbean, with a strong commitment to achieve measurable results, increased integrity, transparency and accountability. While not a regular bank in many ways, it is also unique in some key respects. Besides loans, it also provides grants, technical assistance and research.

    Islamic Development Bank

    Founded in 1973, the purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries.

    Millennium Challenge Corporation

    Formed in 2004 by the US government, the MCC is an innovative response to the global challenge to meet the Millennium Development Goals (MDGs) by 2015.  It fundamentally changed the nature of US economic policy with its emphasis on “delivering smart U.S. foreign assistance by focusing on good policies, country ownership, and results.” MCC grants have not replaced other development assistance programs but are complementing them.

    Nordic Development Fund

    The Nordic Development Fund provides assistance to low-income countries in meeting the challenges of climate change and poverty. It is financed from the budgets of its five member nations – Norway, Sweden, Finland, Denmark and Iceland.

    North American Development Bank

    The North American Development Bank was created in 1994 under the aegis of the NAFTA Trade Agreement between the United States and Mexico. It is entrusted almost exclusively with funding and overseeing the gamut of environmental and environmentally-related projects, from waste-water treatment to eco-friendly infrastructure projects.

    Organization of American States

    The Organization of American States is the world’s oldest regional organization, dating back to the First International Conference of American States, held in Washington, D.C., from October 1889 to April 1890. That meeting approved the establishment of the International Union of American Republics, and the stage was set for the weaving of a web of provisions and institutions that came to be known as the inter-American system, the oldest international institutional system.

    Today, the OAS brings together all 35 independent states of the Americas and constitutes the main political, juridical, and social governmental forum in the Hemisphere. In addition, it has granted permanent observer status to 67 states, as well as to the European Union (EU).

    The Organization uses a four-pronged approach to effectively implement its essential purposes, based on its main pillars: democracy, human rights, security, and development.

    West African Development Bank

    The West African Development Bank was established in 1973 to serve the economic needs of the Franco-phone speaking nations of West Africa. Its mission is simply three-fold: poverty reduction, economic integration and private sector development. It also plays a critical role in micro-financing – an important instrument for economic self-reliance in the developing world.