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Development bank
DEVELOPMENT BANK

Definition: (business) A bank that provides money for projects in poor countries or areas.
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* All nine elements should be in.


1. Purposeful and necessary (to emphasize) (See perfect THIRD WORLD.)

2. Fully capitalized, duly registered and with the right management or organizational structures in place. (See perfect BOARD (4).)

3. Has specially-designed economic growth models that it can sponsor, support or promote through funding. (See perfect BANKING.)

4. Will conduct relevant studies, commission proposals, etc., before committing cash to aid poor countries/areas. (See perfect PLAN (1).)

5. Provides money 'fully' but only to the extent of agreements. That is, will contribute part, not bear full cost. (See perfect FUNDING.)

6. Has the appropriate department or organs and monitoring capabilities. That is, will be able to make effective input into how the money it gives is being spent. (See perfect BENEFACTOR.)

7. Its rates of interest, the conditions, etc. in agreement, will be fully acceptable to the borrower. (See perfect BEGGING LETTER.)

8. Comprehensively insured such that a guarantee for sustainable funding, for as long as it will take for project to be completed, can be provided. (See perfect CREDIT RATING.)

9. Makes minimal profit on loans to poor countries or areas. That is, serves purpose(s), as hoped for. (See perfect VALUE FOR MONEY.)
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.. must be A PARTNER IN PROGRESS.

..... (See perfect DEBT BURDEN.)


Quote: "How we measure development will determine how we do development". - Inger Anderson.

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