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| Home » International Financial Institutions » UN Regional Development Banks |
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UN Regional Development Banks |
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The United Nations (UN) is an international organization aimed to facilitate cooperation between sovereign countries through maintenance of international law, international security, economic development, social progress and human rights issues.
The UN is involved development programs around the world by the formulation of the Millennium Development Goals. The UN Development Program (UNDP) is the largest multilateral source that grants technical assistance to the developing countries in the world. UN under UNDP provides extensive support to global development, eradicate poverty, and fight against HIV, energy and environment with increasing assistance to the developing countries.
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To accomplish this UN requires monetary help from the Countries from all over the world. Many Regional Development Banks have come up under the guidance and help UN. The UN Regional Development Banks are
- African Development Bank (AfDB)
- Asian Development Bank (AsDB)
- Inter-American Development Bank Group (IADB)
- European Bank for Reconstruction and Development (EBRD)
- Central American Bank for Economic Integration (CABEI)
- Islamic Development Bank (IDB)
- European Investment Bank (EIB)
- Caribbean Development Bank (CDB)
The UN Regional Development Banks are established under the guidance of the IBRD that is World Bank. The UN Regional Development Banks are established to promote economic and social development in various regions of the world like that of the Asian Development Bank that concentrates on the Asian and Pacific Countries, the African Development Bank concentrate on the 53 African. The European bank for Reconstruction and Development provides financial support to eastern and central European and central Asian countries.
The UN Regional Development Banks provide loans and technical assistance to improve the quality of the citizens and alleviate poverty in the developing countries. The UN Regional Development Banks focuses on areas like agriculture, communications Information Technology, Civil engineering, natural resources, power and energy, public policy and economics. The UN Regional Development Banks provides loans from the capitals collected through the subscription fees of the members and also from World Bank. The UN Regional Development Banks also promotes employment and financial stability to the member countries ripped with financial and balance of payment problems.
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