Find New Markets with the World Bank and Co.
Tenders from development banks are a risk- and cost-optimised way for companies to gain an entrepreneurial foothold in emerging and developing countries. We can introduce you to the largest development banks.
As specialised credit institutions, development banks primarily promote economic and social development in emerging and developing countries. These banks also put projects out to tender - an interesting opportunity to enter difficult markets with controlled risk. The risk is so low because the development banks, as reliable business partners, ensure payments even if the financial processing of the contracts is done through the partner countries. In return, they have strong partners behind them because the development banks are jointly financed by their member states. A second plus point is if disagreements arise, arbitration boards of the development banks help to resolve them.
The World Bank Group is the world's largest development organisation. It was founded in 1944 together with the International Monetary Fund (IMF). Like the IMF, it is a specialised agency of the United Nations. The World Bank Group consists of various institutions. However, tenders usually come from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The main goal of all institutions is to fight poverty in the world and to promote business in developing and emerging countries. More information can be found here.
European Investment Bank (EIB)
The Bank of the European Union (EU): Founded in 1958, the Luxembourg-based European Investment Bank (EIB) is the largest multilateral lender and the most important financier of climate change projects worldwide. "We promote the economy, employment and equal opportunities, and improve the lives of people in the EU and developing countries" is its claim. All EU Member States as well as the European Commission are represented on the EIB's Board of Directors, and its tasks and projects reflect the political objectives of the European Union. The financial resources do not come from the EU budget, but from bonds on the capital market. In addition to the Mediterranean region, the regional focus is on the so-called ACP Countries in Africa, the Caribbean and the Pacific. More information about the EIB can be found here.
European Bank for Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to support the development of market economies in Central and Eastern Europe. Its aim is to foster the transition to open market economies in Eastern and Central Europe and to promote private and entrepreneurial initiative. Further information on the EBRD can be found here.
Asian Development Bank (ADB)
The Asian Development Bank (ADB) is Asia's regional development finance institution. Its goals are poverty reduction, sustainable economic development, promotion of the private sector and sustainable environmental standards. More information can be found here.
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African Development Bank (AfDB)
The African Development Bank (AfDB), founded as Africa's regional development finance institution, is part of the banking group of the same name with the African Development Fund and the Nigeria Special Fund. The overarching goal is to improve living conditions in Africa. To this end, the AfDB promotes projects to develop economic and social progress and to reduce poverty. More information on the AfDB is available here.
Inter-American Development Bank (IDB)
The primary goals of the Inter-American Development Bank (IDB) are poverty reduction, the promotion of social justice and regional integration in Latin America and the Caribbean. More information is available here.
Caribbean Development Bank (CDB)
As a regional financial institution, the Caribbean Development Bank (CDB) promotes the transport and communication infrastructure as well as the economic and social development of the region. In doing so, it pays attention to the special economic needs of the Caribbean countries. The goal is long-term industrialisation, with a focus on improved energy efficiency and supply. More information on the CDB is available here.
Islamic Development Bank (IsDB)
The Islamic Development Bank (IsDB) focuses its support on low-income Arab states. There, infrastructure, social policy and financing possibilities are to be improved in compliance with Islamic law. Outside the Arab region, the bank supports Islamic educational institutions.