Development Bank
A Development Bank is a financial institution that provides funding and support for projects aimed at economic development, particularly in developing countries. These banks offer loans, grants, and technical assistance to promote infrastructure, agriculture, education, and healthcare. Their goal is to stimulate growth and improve living standards by investing in projects that can generate long-term benefits.
Development banks often collaborate with governments, private sector entities, and international organizations to identify and finance projects. They play a crucial role in mobilizing resources and expertise, helping to create sustainable economic opportunities. Examples include the World Bank and regional development banks like the Asian Development Bank.