Commercial Financial Institutions African Development Bank (AfDB) The African Development Bank can draw on its ordinary capital resources for lending to its more advanced and creditworthy borrowing members, and on concessional funds from the African Development Fund (ADF), for its poorest and least-creditworthy ones. An additional concessional facility, the Nigerian Trust Fund (NTF), set up in 1976, can be tapped for projects in some 28 of the most seriously affected African countries. NTF concessional resources, valued at about US$400 million in gross terms (1992 figures), are to be directed by the AfDB primarily to support projects likely to strengthen inter-African economic co-operation and to promote regional integration. Asian Development Bank (AsDB) The Bank's principal functions are: to make loans and equity investments for the economic and social advancement of developing member countries; to provide technical assistance for the preparation and execution of the development projects and programs and advisory services; to promote investment of public and private capital for development purposes; to respond to requests for assistance in coordinating development policies and plans of developing member countries. In its operations, the Bank is also required to give special attention to the needs of the smaller or less developed countries and give priority to regional, sub-regional and national projects and programs which will contribute to the harmonious economic growth of the region as a whole. Business Development Bank of Canada Canadian non-depositary bank exclusively serving small and medium-size enterprise: financial services, business consulting services, and venture capital. Canadian Export Development Corporation (EDC) EDC is a financial services corporation offering financing for an exporters clients and insurance to the exporter. EDC’s financing products enables Canadian exporters to provide their customers with flexible and medium or long term financing. Caribbean Development Bank (CDB) Project Funding - The Caribbean Development Bank (CDB) Like the other IFIs, the CDB has both ordinary capital and concessional capital with which to fund projects in its borrowing member countries. The CDB is the single largest organization financing capital works projects and promoting regional integration in the Caribbean Community (CARICOM). The CDB has both ordinary capital and concessional capital with which to fund projects in its borrowing member countries. European Bank for Reconstruction and Development (EBRD) European Bank for Reconstruction and Development (EBRD) The EBRD is mandated to operate both in the public and private sectors. It has at its disposal a broad range and flexibility of financing instruments enabling it to support the different stages of transition to market economics through a combination of Merchant Banking and Development Banking. It works in partnership and co-finances with other investors and lenders such as multilateral institutions, including the World Bank Group, commercial banks and others to provide loans, equity and guarantees that encourage both investment in the region and regional co-operation. Although not structured like a commercial bank, the EBRD has a similar approach to dealing with projects, and it prices its products on a commercial basis. Global Environment Facility (GEF) Global Environment Facility (GEF) The Global Environment Facility (GEF) is a financial mechanism that provides grant and concessional funds to recipient countries for projects and activities that aim to protect the global environment. It is jointly implemented by the United Nations Development Programme (UNDP), the United Nations Environment Programme (UNEP) and the World Bank. The GEF was launched in 1991 as a pilot program. Inter-American Development Bank (IDB) Inter-American Development Bank (IDB) The Inter-American Development Bank (IDB) is an international financial institution composed of 46 member countries, of which 20 are non-borrowing countries and 26 are borrowing countries in Latin America and the Caribbean. All of the lending instruments of the IDB are designed to support economic development in the region. While most of its lending activities have been in the public sector, in recent years, the Bank has been promoting private sector investment in development. The IDB's involvement in an operation provides a level of comfort to private-sector investors and commercial lenders, given its long history of lending in the region and support for economic reform. See also Banks of the world Relevant Web Sites African Development Bank Group Asian Development Bank The Carribean Development Bank European Bank for Reconstruction and Development InterAmerican Development Bank North American Development Bank International Finance Corporation International Finance Corporation - Africa Business Network Arab Fund for Economic and Social Development Islamic Development Bank World Bank Group Part 8 - Financing and Insurance (a) Table of Contents

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