Russian Regional Development Bank

Russian Regional Development Bank

The Russian Regional Development Bank (swift code RRDBRUMM) is a Russian bank founded on 27 March 1996 in a form of PJSC. The RRDB offers a general variety of bank services.

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Asian Development Bank

Balmaceda, as the Philippine Representative to the 9-nation Consultative Committee that conceived and formulated the measures for the establishment of the Asian Development Bank, was elected Chairman of the Consultative Committee. He said at the opening meeting: "It is the considered view of my government that the establishment of a regional bank for Asia and the Far East is one of the most significant and important, if not the most significant and important undertaking that the Economic Commission for Asia and the Far East has ever launched during its eighteen years of existence. My government is giving its full support and is prepared to cooperate to the fullest extent in bringing about the successful establishment of the proposed Asian Development Bank." "Why Manila" articleIn his article, "Why Manila", Balmaceda explained how the location of the bank was determined: "The selection of the location of the headquarters of the Asian Development Bank will be based on the conditions obtaining in the proposed site that are most conducive to the smooth and successful operation of the Bank and the attainment of its objectives. . The primary objective of the Bank is to help accelerate the economic development of the developing countries in Asia. To accomplish this, the Bank must not only know the hardships, problems and dreams of these countries, but must also look at these hardships, problems, and dreams through the eyes of these countries. The Bank must, therefore, be located in a developing country. . Viewed and tested by the above criteria, Manila, Philippines, stands as the most ideal and the best location for the Bank, and I feel confident that the Ministerial Conference , after careful, objective, and impartial analysis and comparison of the actual conditions in the different cities being proposed, will reach the conclusion that the Philippines offers the best location for the Bank." Balmaceda led the campaign among the Asian contending countries for Manila to get the site and won in the final ballot by just one vote over Japan. For his accomplishment, he was awarded the Presidential Award of Merit by President Diosdado Macapagal. Hailed as "Manila's Golden Moment of Economic Diplomacy", Amando Doronila, columnist, wrote: "The success of that diplomatic campaign was made possible by two factors: the leadership of Commerce Secretary Cornelio Balmaceda and a diplomatic service infrastructure composed of veteran and competent diplomats, led by Foreign Secretary Mauro Mendez. Balmaceda was a top grade Cabinet minister of the old school of civil servants. He rose up the ranks of the bureaucracy. He had an impeccable integrity and was respected. He was never self-promoting ." Balmaceda died at the age of 86, on April 17, 1982, barely four weeks after his wife's death.

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Development Bank of the Central African States

The Development Bank of the Central African States, usually known for its French initials, BDEAC, is a multilateral development bank that is charged with financing the development of the member states of Economic and Monetary Community of Central Africa (CEMAC). The BDEAC is different from the Bank of the Central African States (BEAC), which is a central bank.

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West African Development Bank

The West African Development Bank - WADB (fr. Banque Ouest Africaine de Dveloppement - BOAD / pt. Banco de Desenvolvimento do Oeste Africano - BDOA) is an international Multilateral Development Bank established in 1973 to serve the nations of Francophone and Lusophone West Africa. The BOAD is organised by the Central Bank of West African States and its eight member governments: Benin, Burkina-Faso, Cte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo. It is funded by member states, foreign governments and international agencies. Its headquarters are in Lom, Togo

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Community development bank

Community development bank (CDB) or Community Development Financial Institution (CDFI) is a development bank or credit union that focus on serving people who have been locked out of the traditional financial systems such as the unbanked or underbanked in deprived local communities. They emphasize the long term development of communities and provide loans such as micro-finance or venture capital. In the United States these became popular after 1994 when the US Congress created community development banks and allowed them to get funding at very low rates from the US treasury.