Courtesy: CNBC-TV18
The World Bank has published a reform roadmap for multilateral development banks. It touches upon operational change, but in a limited way. The roadmap remains largely silent on how a 21st century World Bank can better address some of the long-standing frustrations that borrowers express about working with it and other such development banks.
One of the priorities of the Asian Infrastructure Investment Bank (AIIB), which held its third annual meeting in Mumbai earlier this week, is to mobilise more private capital for infrastructure and support sustainable projects
Courtesy: Russian Government
At a time when New Delhi is beginning to not just ‘Look East’ but also ‘Act East’, and when parallel integrative processes are underway globally, including the ASEAN-led process, the incipient China-led process and the U.S.-led TTP, India and ASEAN could together produce a brilliant new era of Asian integration
Courtesy: The Economist
India may be less dependent on the Chinese market than some other countries in the region, but it too wants Chinese investment—and this ambivalence has been evident in India’s varying approach to the AIIB and OBOR. To balance this dilemma in an increasingly complex Asia, India must work with others, in particular with European countries
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GLC Policy Conclave Session 1: The New Financial World Order Shashank Bengali (SB): So, Rajrishi, can you tell us basically what the circumstances were that led to the development of these new multilateral institutions? How did we get here? Read more
Courtesy: yesow.com
The new guidance on the development of internet finance in China provides insight into the future of China's pioneering internet finance industry and the defining role it will play in the country's economic reform process
Courtesy: file photo/Xinhua, Wikipedia
The AIIB is a step along a path that started with the Asian financial crisis, which defined ASEAN’s views about the U.S.’s commitment to the region. Although the bank may signal the rise of China, it is also a coming together of Chinese and ASEAN goals—ASEAN’s focus on infrastructure for growth requires another source of finance, and this forecasts its strong relationship with the AIIB
Courtesy: file photo/Xinhua
The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India
Courtesy: Narendra Modi (wikimedia.org)
A major theme at the multilateral summits this month was connectivity, with China at the forefront. India is trailing behind due to a shortfall in investment and political will, among other factors. Prime Minister Modi must follow up on his meetings at the SAARC Summit by robustly taking forward India’s connectivity agenda
