Editing Global Development Investment Bank (section)

==Objectives==
The Global Development Investment Bank can offer funding for existing projects around the IDU, as well as initiate development projects of its own. GDIB's Secretariat is responsible for drawing up plans for investment projects, in alignment with directives from the Board of Directors and the goals described in the GDIB Charter. Approval for funding for a project is subject to a majority vote of the Board of Governors. The GDIB Charter outlines specific requirements for GDIB-backed projects, including limited environmental impact, protections for the rights of workers in the project, empowerment of communities involved, and the protection of indigenous peoples. In practice, the prospect of GDIB funding is used to encourage the governments of recipient states to incorporate GDIB standards into their own development projects.

[[Category: Economics]]