Development banks are international lending groups. They lend money to devel

游客2023-07-24 51

问题 Development banks are international lending groups. They lend money to developing countries to help fuel economic growth and social【B1】______. They are not part of the World Bank, the International【B2】______Fund or the United Nations. The money comes from member countries and borrowing on world markets.
Development banks provide long-term loans at market【B3】______. They provide even longer-term loans at below- market interest rates. These banks also provide technical【B4】______and【B5】______
There are four main ones. The oldest is the Inter-American Development Bank in Washington, D.C. It began in 1959. President Juscelino Kubitschek of Brazil had【B6】______a bank to aid economic growth in the Americas. The【B7】______of American States agreed. Today the bank is worth over 100,000 million dollars. It holds only 4 percent of that. The other money is【B8】______by its members.【B9】______: 26 countries in Latin America and the Caribbean borrow from the bank.
The African Development Bank has its roots in an agreement signed in Sudan in 1963. It is based in Abidjan, Ivory Coast.【B10】______The country with the most votes in the bank is Nigeria, followed as of July by the United States, Japan and Egypt.
The Asian Development Bank started in i966. It is based in Manila, in the Philippines. There are 63 members, mostly in Asia.【B11】______ [br] 【B2】

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答案 Monetary

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