New Kids on the Block: AIIB und NDB
New Multilateral Development Banks: A Cornerstone of Chinese Superpower Politics?
With the "Monitor Development Policy" series, the Konrad Adenauer Foundation aims to shed light on the role of non-traditional donors in development cooperation. This time we take a look at two multilateral development banks: the BRICS countries' NDB, headquartered in Shanghai, and the AIIB, headquartered in Beijing. With their establishment, China is challenging the dominance of the USA in development finance and is making clear its global leadership claims.