Abstract
The BRICS New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) share some similar features. They are initiated and created by emerging economies and promote infrastructure investment and global governance reform as two institutional mandates. However, their operational modalities and approaches are different. NDB is a borrowing-country-led multilateral development bank (MDB); while AIIB’s operation is donor-country-oriented.
Cite
CITATION STYLE
Zhu, J. (2020). Two Approaches to Institutionalizing the New Development Assistance: A Comparative Analysis of the Operational Institutions of NDB and AIIB. In Governing China in the 21st Century (pp. 75–97). Palgrave Macmillan. https://doi.org/10.1007/978-981-13-7232-2_5
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