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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 Britannica.com.
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