Development Bank
/dɪˈvɛləpmənt bæŋk/
Definitions
- (n.) A financial institution established by governments or international entities to provide funding and support for economic development projects, often in emerging or developing markets.
The development bank financed the infrastructure project to boost the region's economy.
Forms
- development bank
- development banks
Related terms
See also
Commentary
In drafting legal definitions, distinguish development banks from commercial banks by their public policy objectives and government backing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.