Multilateral development assistance
Large-scale organizations also work in the field of development by providing development assistance, either though the provision of grants, or through concessional loans i.e. those with less stringent interest rates or repayment times than would be required in the case of commercial loans.
Many of these organizations come under the umbrella of the UN and emerged as part of the discussions held towards the end of the Second World War. Amongst the largest are the:
We look at these two organisations in more detail on the next couple of pages.