Multilateral Development Banks (MDBs) are financial institutions created by multiple countries to support economic development and reduce poverty in developing nations. They provide loans, grants, and technical assistance for projects that promote infrastructure, education, health, and environmental sustainability. Examples of MDBs include the World Bank and the Asian Development Bank. MDBs play a crucial role in mobilizing resources and fostering international cooperation. By pooling funds from member countries, they can finance large-scale projects that individual nations might struggle to support alone. Their goal is to stimulate economic growth and improve living standards in underserved regions around the world.