Promoting regional development bank complementarity : challenges to Asia and lessons from Europe

As the international development finance architecture decentralises, a plethora of regional multilateral development banks (MDBs) emerge. The institutional landscape in Asia is transforming with the establishment of the Asian Infrastructure Investment Bank (AIIB). This working paper aims to shed lig...

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Main Author: Ji, Xianbai
Other Authors: EU Centre in Singapore
Format: Working Paper
Language:English
Published: 2016
Subjects:
Online Access:https://hdl.handle.net/10356/81659
http://hdl.handle.net/10220/40891
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-816592020-09-26T21:51:29Z Promoting regional development bank complementarity : challenges to Asia and lessons from Europe Ji, Xianbai EU Centre in Singapore DRNTU::Social sciences::Economic development::Europe As the international development finance architecture decentralises, a plethora of regional multilateral development banks (MDBs) emerge. The institutional landscape in Asia is transforming with the establishment of the Asian Infrastructure Investment Bank (AIIB). This working paper aims to shed light on the horizontal relationship between the traditional development actor, the Asian Development Bank (ADB) and the nascent AIIB. Based on the collaborative experiences of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), this paper recommends that ADB and the AIIB should form a tri-partite coordination mechanism to promote cooperation and equality, develop complementary portfolios in terms of sectoral exposure and geographical coverage, and co-fund projects to catalyse greater inter-agency cooperation. The resulting synergies will stitch the two institutions into an interdependent and coherent development finance structure in Asia and beyond. 2016-07-04T08:11:21Z 2019-12-06T14:35:42Z 2016-07-04T08:11:21Z 2019-12-06T14:35:42Z 2016 Working Paper Ji, X. (2016). Promoting regional development bank complementarity : challenges to Asia and lessons from Europe (EUC Working Paper, No. 26). Singapore: EU Centre. https://hdl.handle.net/10356/81659 http://hdl.handle.net/10220/40891 en EUC working paper, No. 26-16 © 2016 EU Centre in Singapore. 22 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic development::Europe
spellingShingle DRNTU::Social sciences::Economic development::Europe
Ji, Xianbai
Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
description As the international development finance architecture decentralises, a plethora of regional multilateral development banks (MDBs) emerge. The institutional landscape in Asia is transforming with the establishment of the Asian Infrastructure Investment Bank (AIIB). This working paper aims to shed light on the horizontal relationship between the traditional development actor, the Asian Development Bank (ADB) and the nascent AIIB. Based on the collaborative experiences of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), this paper recommends that ADB and the AIIB should form a tri-partite coordination mechanism to promote cooperation and equality, develop complementary portfolios in terms of sectoral exposure and geographical coverage, and co-fund projects to catalyse greater inter-agency cooperation. The resulting synergies will stitch the two institutions into an interdependent and coherent development finance structure in Asia and beyond.
author2 EU Centre in Singapore
author_facet EU Centre in Singapore
Ji, Xianbai
format Working Paper
author Ji, Xianbai
author_sort Ji, Xianbai
title Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
title_short Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
title_full Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
title_fullStr Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
title_full_unstemmed Promoting regional development bank complementarity : challenges to Asia and lessons from Europe
title_sort promoting regional development bank complementarity : challenges to asia and lessons from europe
publishDate 2016
url https://hdl.handle.net/10356/81659
http://hdl.handle.net/10220/40891
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