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Development banks are international lending groups. They lend
money to developing countries to help fuel economic growth and social{{U}}
(36) {{/U}}. They are not part of the World Bank, the International{{U}}
(37) {{/U}}Fund or the United Nations. The money comes from member
countries and borrowing on world markets.
Development banks
provide long-term loans at market{{U}} (38) {{/U}}. They provide even
longer-term loans at below-market interest rates. These banks also provide
technical{{U}} (39) {{/U}}and{{U}} (40) {{/U}}.
There are four main ones. The oldest is the Inter-American Development
Bank in Washington, D.C. It began in 1959. President Juscelino Kubitschek of
Brazil had{{U}} (41) {{/U}}a bank to aid economic growth in the
Americas. The{{U}} (42) {{/U}}of American States agreed. Today the bank
is worth over 100,000 million dollars. It holds only 4 percent of that. The
other money is{{U}} (43) {{/U}}by its
