Bank for Economic Development in Africa (BADEA) Bretton Woods institutions The best-known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. They include the World Bank, the IMF, and the International Finance Corporation. Today the largest IFI in the world is the European Investment Bank which lent 61 billion euros to global projects in 2011. Regional development banks The regional development banks consist of several regional institutions that have functions similar to the World Bank group's activities, but with particular focus on a specific region. Shareholders usually consist of the regional countries plus the major donor countries. The best-known of these regional banks cover regions that roughly correspond to United Nations regional groupings, including the Inter-American Development Bank, the Asian Development Bank; the African Development Bank; the Central American Bank for Economic Integration; and the European Bank for Reconstruction and Development. The Islamic Development Bank is among the leading multilateral development banks. IsDB is the only multilateral development bank after the World Bank that is global in terms of its membership. 56 member countries of IsDB are spread over Asia, Africa, Europe and Latin America. Bilateral development banks and agencies A bilateral development bank is a financial institution set up by one individual country to finance development projects in a developing country and its emerging market, hence the term bilateral, as opposed to multilateral. Examples include: the Netherlands Development Finance Company FMO, headquarters in The Hague; one of the largest bilateral development banks worldwide. the DEG German Investment Corporation or Deutsche Investitions- und Entwicklungsgesellschaft, headquartered in Cologne, Germany. the French Development Agency, and Caisse des dépôts, founded 1816, both headquartered in Paris, France. the CDC Group, is a development finance institution owned by the UK Government headquartered in London. Other regional financial institutions Financial institutions of neighboring countries established themselves internationally to pursue and finance activities in areas of mutual interest; most of them are central banks, followed by development and investment banks. The table below lists some of them in chronological order of when they were founded or listed as functioning as a legal entity. Some institutions were conceived and started working informally 2 decades before their legal inception (e.g. the South East Asian Central Banks Centre) See also Climate Investment Funds Development finance institution Financial Stability Board Global financial system National