Assessing the role of the BRICS Development Bank and the Asian Infrastructure Investment Bank in transforming the system of multilateral development banks

Оценка роли нового банка развития БРИКС и Азиатского банка инфраструктурных инвестиций в трансформации системы многосторонних банков развития

Larionova, Marina (Ларионова, Марина) (), Shelepov, Andrey (Шелепов, Андрей) () and Sakharov, Andrey (Сахаров, Андрей) ()
Additional contact information
Larionova, Marina (Ларионова, Марина): The Russian Presidential Academy of National Economy and Public Administration
Shelepov, Andrey (Шелепов, Андрей): The Russian Presidential Academy of National Economy and Public Administration
Sakharov, Andrey (Сахаров, Андрей): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: This study presents a comparative analysis of the mechanisms of raising capital, operational instruments and conditions for project support offered by the NDB, AIIB and "traditional" multilateral development banks, and makes an attempt to assess the trajectory of the new banks’ development and their role in the transformation of the global financial system. Despite the fact that the new development banks have quickly overcome the period of formation (the NDB has approved 26 projects worth USD 6.5 billion and AIIB – 31 projects worth USD 27.8 billion with an AIIB contribution of USD 6.2 billion), the needs of developing countries and emerging markets, where the deficit of infrastructure investment exceeds USD1 trillion, pose a challenge of accelerating financing and attracting private investment. The study presents the analysis of the possibilities for expanding the loan portfolios of the new development banks, mobilizing private investment, and strengthening their role in the system of multilateral development banks (MDBs). Besides, recommendations are made to strengthen Russian influence in the NDB and AIIB.

Pages: 53 pages
Date: 2019-04
New Economics Papers: this item is included in nep-cis and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/wpaper/041926.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:041926

Access Statistics for this paper

More papers in Working Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().