Global Development Investment Bank
 | |
| Formation | February 22, 2020 |
|---|---|
| Founded at | Laeralsford, Laeral |
| Type | International investment bank |
| Headquarters | Laeralsford, Laeral |
Membership (2023) | 15 |
Director-General | Wei Jianyu |
Main organ | Board of Governors |
The Global Development Investment Bank (GDIB) is a multilateral development bank that works to promote global sustainable development in concert with environmental protection and labor rights. GDIB currently consists of 19 member states, primarily in Hesperida and Caxcana. With a budget of over 38 billion NSD annually, the bank provides loans and grants to support development projects around the International Democratic Union, including infrastructure development, education, and anti-poverty initiatives. The bank was established in Laeral in part due to support from Laeralian President Liu Mei-han; some observers believe that the bank is meant to promote the interests of liberal democratic states and oppose the development efforts of states such as Shuell and Xiomera.
Membership[edit | edit source]
Since its founding in 2020 with 12 member states, the Bank currently includes 19 states as members, listed below:
- Andhrapur
- Aredoa
- Byzconia
- Doatia
- Eiria
- Haesan
- High Fells
- Laeral
- Lauchenoiria
- Legionas
- Libertas Omnium Maximus
- Misumi
- Sanctaria
- Serriel
- Slokais Islands
- United New England
- Zamastan
- Zongongia
Standards for membership include benchmarks in political freedom, civil liberties, and environmental and labor laws, although the organization has received criticism for its allegedly-arbitrary standards.
Objectives[edit | edit source]
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.