As PDBs join efforts to usher in a green, socially responsible transition, we examine what they do, where they are, and how they contribute.
Poverty is in many parts of the world again on the rise, after declining for decades, and governments in the west and beyond have seen their spending and debt soar since the outbreak of the Covid-19 pandemic in 2020.
So the massive spending power and theme-based financing of public development banks could help as never before to rebuild as countries recover from the worldwide health and economic crisis.
As we see below, public development banks can be found around the world.
In the coming days, we will continue to look at their role and the ways in which they co-operate at the regional, national and international levels.
One of the things that sets public development banks apart from other kinds of financial institutions is their public policy mandates. PDBs can team up with governments to provide support for agriculture, housing or small businesses, depending on their mandate and expertise.