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  • About Global Bank
    Owned by the Global Bank Group, The Bank for International Development and Reconstruction, known as the Global Bank, borrows in the international capital markets (the %u201CBIDR,%u201D or the %u201CGlobal Bank%u201D) and is the Global Bank Group%u2019s 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), Global Bank is not restricted to operating only in developing countries.

    The Global Bank Group represents, develops and supports the collective interests of the Global Bank and any and all of its business interests globally. Global Bank is a full-fledged private sector global development bank, in formation, %u2013 the world%u2019s second global development bank %u2013 positioned next to the World Bank Group and next to the preeminent regional development banks. It combines the characteristics of a multilateral development bank with those of a private financial institution. The main objective of the Global Bank is to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development. To this end, Global Bank finances primarily public sector infrastructure projects and sustainable development through the provision of sovereign loans to developing countries. Global Bank%u2019s financial objective is not to maximize profit, but to earn an adequate income to ensure its financial strength and to sustain its development activities.

    For information about the Global Bank, please visit
Global Bank Group Press Release -