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EurOrient Financial Group (EurOrient) is the sponsor of Global Bank. Founded in 1988, EurOrient is a private sector global development finance institution accredited by United Nations General Assembly on Financing for Development. Its mission is, in part, to support the economic and social development efforts of less-developed countries as they seek achievement of internationally agreed upon development goals, including those contained in the Millennium Declaration. It also works to implement the recommendations of major United Nations conferences and summits. EurOrient`s strategic priorities are aligned to advance the United Nations` global priorities. EurOrient Financial Group represents, develops and supports the collective interests of Global Bank and any and all of its business interests around the world. Global Bank is a full-fledged private sector global development bank in formation – the world`s second global development bank – positioned next to the World Bank Group and the preeminent regional development banks (MDBs). It combines the characteristics of a multilateral development bank with those of a private financial institution. The main objective of Global Bank is to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development. To this end, The Bank finances primarily public sector infrastructure projects and sustainable development through the provision of sovereign loans to developing countries.
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