United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-05-18 monographic deposited born digital 65 p. GA 1.13:GAO-01-665 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-665 P0b002ee18038f421 f:d01665 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-01-665 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-665 GAO-01-665 Developing countries Economic growth Foreign economic assistance International organizations Financial institutions Asian Development Fund African Development Fund Heavily Indebted Poor Countries Debt Initiative Other Written Product A01042 This report discusses Multilateral Development Banks (MDB), which were established to provide financial support for projects and programs designed to promote social and economic progress in developing countries. In this report, GAO examines (1) summaries of each bank's mission, function, and operations, (2) key bank financial data covering the last three fiscal years, and (3) the U.S. investment in capital and voting percentages in each MDB. GAO found that MDBs are autonomous international financial entities that finance economic and social development projects and programs in developing countries. The MDBs primarily fund these projects and programs using money borrowed from world capital markets or money provided by the governments of member countries. MDBs enable developing countries to access foreign currency resources on more advantageous terms than would be available to them on the basis of their own international credit standing. The MDBs provide assistance in the form of loans, equity investments, loan and equity guarantees, and technical assistance. The primary vehicle of development assistance is direct lending. The United States is the largest member in most of the MDBs discussed in this report, contributing significant amounts to support the missions of the MDBs and subscribing a significant amount to MDBs' callable capital. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-665/html/GAOREPORTS-GAO-01-665.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-665/pdf/GAOREPORTS-GAO-01-665.pdf GAO-01-665 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-665 Other Written Product GAO-01-665; Multilateral Development Banks: Profiles of Selected Multilateral Development Banks; Developing countries Economic growth Foreign economic assistance International organizations Financial institutions Asian Development Fund African Development Fund Heavily Indebted Poor Countries Debt Initiative Public Law 106-429