1. General role in project finance
Multilateral development banks and regional development banks
(MDBs) are international financial institutions created by a group
of countries with the primary function of mobilising finance,
knowledge and expertise to address the biggest challenges faced by
developing countries, including poverty and environmental problems.
MDBs are creations of multiple nations and the main features for
distinguishing among them is the composition and number of member
countries,2 and the region for which financial assistance and the
promotion of economic and social development is made available.
The most well-known multilateral development banks are: the
World Bank, the European Investment Bank, the Asian Development
Bank, the European Bank for Reconstruction and Development, the
Development Bank of Latin America, the Inter-American Development
Bank Group (IDB), the African Development Bank and the Asian
Infrastructure Investment Bank. Among the
