Who We Are
Owned by the Global Bank Group1, The Bank for International Development and Reconstruction, known as the Global Bank borrows in the international capital markets (“BIDR,” “Global Bank,” or “Bank”) is the Global Bank Group’s long-term sovereign lending institution. As a development bank with an agenda driven by G-7/G-8 and G-20-priorities, its leading priority is to promote global economic and social development. Unlike the multilateral development banks (MDBs)2, Global Bank is not restricted to operating only in developing countries.
For interesting facts about the G20:
The Bank for International Development and Reconstruction is a full-fledged private sector global development bank, in formation, – the world’s second global development bank – positioned next to the World Bank and the preeminent regional development banks (MDBs).
The Bank for International Development and Reconstruction was founded in 2013 to help developed, and developing countries achieve economic and social development through financing primarily public sector (sovereign) infrastructure projects and sustainable development. BIDR is one of five institutions that make up the Global Bank Group. BIDR is the part of the Global Bank Group that works with creditworthy countries to promote sustainable, equitable and job-creating growth, reduce poverty and address issues of regional and global importance.
The Bank’s main goals are to end poverty and hunger, and to achieve sustainable development in its three dimensions through promoting inclusive economic growth, protecting the environment, and promoting social inclusion.
The Global Bank’s activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g., pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, and electricity), large industrial construction projects, and governance (e.g. anti-corruption, institutions development).
We also provide direct assistance to private enterprises of developing countries through equity investments and loans
To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and How we do it and Management and Organisation, visit the About DRRRF and the Frequently Asked Questions Section of the DRRRF Website Section.
For information about the Global Bank, please visit http://www.global-bank.org
|1||Global Bank Group, consisting of five institutions, represents, develops and supports the collective interests of its business interests around the world. One of these institutions is The Bank for International Development and Reconstruction known as the Global Bank,(“BIDR,” “Global Bank,” or “Bank”). Global Bank is a full-fledged private sector global development bank, in formation, with legal and regulatory rights including formal approval to utilize the term "Bank" pending – the world’s second global development bank – positioned next to the World Bank and the preeminent regional development banks (MDBs). The Bank for International Development and Reconstruction borrows in the international capital markets.|
|2||The Multilateral Development Banks (MDBs) are institutions that provide financial support and professional advice for economic and social development activities in developing countries. The MDBs provide financial and technical support to developing countries to help them strengthen economic management and reduce poverty. Together, the MDBs provide support to the world's poorest in every corner of the globe, strengthening institutions, rebuilding states, addressing the effects of climate change, and fostering economic growth and entrepreneurship.|