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3 unusual facts about Development bank


Development bank

Development finance institutions provide finance to the private sector for investments that promote development.

National development banks are government owned financial institution that provides financing for economic development.

International financial institutions conducting development-oriented finance on a bilateral or multilateral basis


First Consolidated Bank

In December 1996, the Securities and Exchange Commission approved the bank's amendment to operate as a private development bank in accordance with Republic Act No. 7906, otherwise known as the Thrift Bank Act of 1995.


see also

Asian Development Bank

Oxfam Australia has criticized the Asian Development Bank of insensitivity to local communities.

Bernardo Benes

From 1962 to 1974 he was Vice-President of Washington Federal Savings and Loan Association, housing consultant to USAID, IDB (Interamerican Development Bank) and the United Nations.

Crispin Sorhaindo

He represented Dominica at the early conferences leading to the establishment of the Caribbean Free Trade Association (CARIFTA), the Caribbean Free Trade Area and CARICOM, the Caribbean Common Market that succeeded it, as well as meetings that laid the foundations for the establishment of the Caribbean Development Bank (CDB) and the Organisation of Eastern Caribbean States (OECS).

Grupo Opaia SA

In June 2012 the enterprise was waiting for a reply from Banco de Desenvolvimento de Angola (Development Bank of Angola, BDA) for a request for funding of six million USD.

Iqbal Quadir

Quadir's vision of a large-scale commercial project led him to organize a global consortium involving Telenor, Norway’s leading telecommunications company; an affiliate of micro-credit pioneer Grameen Bank in Bangladesh (winner of the 2006 Nobel Peace Prize); Marubeni Corp. in Japan; Asian Development Bank in the Philippines; Commonwealth Development Corp. in the United Kingdom; and International Finance Corp. and Gonofone in the United States.

James Fraser Mustard

Mustard was involved with governments in Canada, Australia, the World Bank, the Inter-American Development Bank, UNICEF and the Aga Khan University in Pakistan in emphasizing the enormous importance to society of early childhood development.

Lopburi Solar Farm

The plant was constructed over a period of 18 months with a loan of US$70 million (฿2 billion) from the Asian Development Bank, and is expected to generate 105 GWh/year.

Nua Mailo Saoluaga

Utu Abe Malae, the former head of the Development Bank of American Samoa and gubernatorial candidate, chose Saoluaga as his running mate for Lieutenant Governor in the 2008 election for Governor of American Samoa.

YUS Conservation Area

TKCP was supported by Conservation International, National Geographic, and BMU (German Ministry for Environment) through KfW (German Development Bank) as part of the International Climate Change Initiative.