Multilateral financial institutions

International agencies set up for the purpose of promoting economic development, whose shareholders are national governments. The largest and best known are the World Bank and the main regional development banks (Asian Development Bank, Inter-American Development Bank, African Development Bank, Islamic Development Bank, European Bank for Reconstruction and Development, etc). All the above borrow most of their funds and offer long term loans to their clients, who include governments, sub-sovereign agencies and private companies. May also include the International Monetary Fund.