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About Us

Building a Twenty-First Century Development Bank

Global Bank is a full-fledged private sector global development bank in formation – the world’s second global development bank – positioned next to the World Bank and the preeminent regional development banks (MDBs).

Global Bank’s strategic priorities are aligned to advance those of the G-7/G-8 and G-20. The Bank Group’s strategic priorities are aligned to advance the G-7/G-8 and G-20 priorities. Unlike the multilateral development banks, the Global Bank Group is not restricted to operating only in developing countries.

• The Bank for International Development and Reconstruction combines the characteristics of a multilateral development bank with those of a private financial institution.
• The Bank’s main goals are to end poverty and hunger, and to achieve sustainable development in its three dimensions through promoting inclusive economic growth, protecting the environment, and promoting social inclusion.
• The Bank for International Development and Reconstruction finances primarily public sector infrastructure projects and sustainable development through the provision of sovereign loans to developing countries secured by government guarantees.
• The Bank’s financial objective is not to maximize profit but to earn adequate income to ensure its financial strength and to sustain its development activities.

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Our Mission

Global Bank’s mission is to support the economic and social development efforts of the less developed countries as they seek achievement of internationally agreed upon development goals, including those contained in the Millennium Declaration, and to implement the recommendations of major United Nations conferences and summits. The goals lay out a blueprint for Global Bank, setting its priorities and measuring its results. Global Bank’s strategic priorities are aligned to advance the United Nations’ global priorities.

The Bank’s purpose is to work with its borrowing developing countries so that they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global problems in economic development and environmental sustainability, all with a view to overcoming poverty and improving standards of living. It pursues this goal primarily by providing financing, risk management products, and other financial services, access to experts and a pool of knowledge in development-related disciplines, so that borrowing developing countries can pool, administer and prioritize resources they dedicate to development-related objectives.

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