Comparing the BRICS New Development Bank and the Asian Infrastructure Investment Bank
Monday, October 1st, 2018
| Date | Time | Location |
|---|---|---|
| Monday, October 1, 2018 | 2:00PM - 4:00PM | Seminar Room 208N, 1 Devonshire Place |
Description
Why have the BRICS New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB), both created by emerging economies, taken different operational approaches? The NDB has adopted a borrowing country-oriented and South-South cooperation modality, and the AIIB has chosen a donor country-oriented modality similar to existing multilateral development banks. This talk will explore the differences and explain why the two financial institutions are so different, which has some implications for the ongoing process of global governance reform.
Jiejin Zhu is an associate professor at the School of International Relations and Public Affairs at Fudan University in Shanghai. His research interests include international institutions and global governance, especially the BRICS, G20 and multilateral development banks. He has published three books and over 30 papers on these topics. Currently, he is doing the research of the rising powers’ strategy for changing international institutions.
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