Follow @southasiaanalys

NDB

Establishment of NDB and AIIB: Shifting Economic Base from West to East

Paper No. 5824                                           Dated 20-Nov-2014

Guest Column by Hari Bansh Jha

The recently established New Development Bank (NDB) by BRICS member countries and Asian Infrastructure Investment Bank (AIIB) by 21-member Asian countries with their headquarters in China herald a shift in economic power from the West to the East. It is speculated that these two monetary institutions would dwarf the size of West-supported World Bank (WB) and the Asian Development Bank (ADB).

Subscribe to RSS - NDB