development bank


development bank

National or regional financial institution designed to provide medium- and long-term capital for productive investment. Such investment is usually accompanied by technical assistance. Some development banks are government-owned and -operated, while others are private. Many have been established under the auspices of the World Bank. Among the largest are the Inter-American Development Bank, the Asian Development Bank, and the African Development Bank.

This entry comes from Encyclopædia Britannica Concise.
For the full entry on development bank, visit

Seen & Heard

What made you look up development bank? Please tell us what you were reading, watching or discussing that led you here.