Previous post Next post

What are development banks and what do they do?

Development banks are becoming increasingly important in light of cuts to foreign aid by Western countries such as the United States and Switzerland. But how do these banks work, and what do they achieve for the Global South? Development banks are cooperative banks set up by states. Their aim is to promote development in other countries, for instance by supporting infrastructure projects through favourable loans. Given the recent cuts in international development cooperation, they are now playing an ever more important role. How long have development banks been around? Development banks have long been a central component of the multilateral system. In 1944, with the Second World War still raging, delegates from 44 countries, meeting at the Bretton Woods Conference, established the International Monetary Fund (IMF) to stabilise the global economy and, alongside it, the first development bank – the International Bank for Reconstruction and Development (IBRD). The IBRD was intended to ... Full story here Are you the author?
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post See more for 3.) Swissinfo Business and Economy Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2026/05/development-banks-they/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.