The so-called multilateral financial institutions are jointly funded by many countries to provide financial support for projects to improve people's livelihood and increase employment in member countries of the institutions. The main support projects are projects related to economy and people's livelihood. Mainstream multilateral financial institutions in the world include World Bank, African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, BRICS New Development Bank and so on.

First, the World Bank

Founded in 1945, the World Bank consists of five member institutions, namely the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency and the International Investment Dispute Settlement Center. China resumed its membership in the World Bank in 198. At present, the top six shareholders of the World Bank are the United States (holding 15.85%), Japan (holding 6.84%), China (holding 4.42%), Germany (holding 4.%), France (holding 3.75%) and Britain (holding 3.75%).

Second, African Development Bank

The African Development Bank is a mutual aid and regional international financial institution jointly run by many African countries. Founded in September 1964, its headquarters was first located in Abidjan, C? te d 'Ivoire. The main purpose of the African Development Bank is to provide financial support for the economic and social development of member countries and promote the development of member countries in Africa. China joined the African Development Bank in 1985 to provide support for the development of African countries.

Third, the Asian Development Bank

The Asian Development Bank was established on November 24, 1966, and its headquarters is in Manila, the capital of the Philippines. It mainly provides support for the economic development of developing member countries in Asia and the Pacific. China formally joined the Asian Development Bank in March, 1986, and now it ranks third in the Asian Development Bank in terms of share and voting rights.

Fourth, Asian Infrastructure Investment Bank

On December 25th, 215, the Asian Infrastructure Investment Bank was formally established in Beijing, mainly to promote connectivity and economic integration in Asia. It is the first multilateral financial institution initiated by China, and its headquarters is located in Beijing.

Fifth, the BRICS New Development Bank

The BRICS New Development Bank was established on July 21, 215, initiated by China, Brazil, Russia, India, South Africa and other five countries, and is committed to building an integrated market and financial interconnection, with its headquarters in Shanghai.

after the establishment of multilateral financial institutions, they can bring strong support and help to the economic and social development of member countries and play a role in coordinating the development of countries in the global economic development.