World Bank Group
The World Bank was set up in 1944, to govern the post-war international monetary order. It has since become a powerful institution in setting the official international development agenda.
International Finance Corporation
The International Finance Corporation (IFC) is the private sector arm of the World Bank Group – lending to private clients such as companies, banks and private equity funds.
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) was initiated by China and officially launched in 2016, as a multilateral development bank focused on Asia.
International Monetary Fund
Alongside the World Bank, the International Monetary Fund (IMF or ‘the Fund’) was founded in 1944 as part of the efforts to rebuild following the Second World War.
Asian Development Bank
The Asian Development Bank (ADB) was established in 1966. It is a regional development bank, which “envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region.
African Development Bank
The African Development Bank Group has a mandate to “contribute to the sustainable economic development and social progress of its regional members individually and jointly”.
Other Development Finance Institutions
Recourse’s work also covers a broader range of Development Finance Institutions (DFIs), including the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) and bilateral DFIs.
Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is the insurance arm of the World Bank Group – providing guarantees to investors and lenders across borders.
