New multilateral development banks

The recently announced creation of the BRICS New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) represents a major shift in the global finance architecture. Several emerging economies now have the confidence and financial wherewithal to create new multilateral development banks (MDBs) outside the Bretton Woods system that has dominated the decades since its establishment in the aftermath of World War II.   . . . → Read More: New multilateral development banks  (PDF – 1,091Kb)

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