Abstract: This study seeks to understand the dynamics of how India and China engage in and with international financial institutions, specifically multilateral banks. It looks at India‘s and China‘s engagement with the Bretton Woods Institutions (the World Bank and the International Monetary Fund), as well as their participation in building the two new multilateral development banks, the Asian Infrastructure Investment Bank and the BRICS‘s New Development Bank. In doing so, the study unpacks the inter-related economic, political, and strategic motivations behind India‘s and China‘s approach towards multilateral economic governance processes broadly, and development finance institutions in particular. Their interaction with African countries, bilaterally, and under the African Development Bank, is a particular case study in this regard.
- Publication year: 2019
- Content type: Report
- Form of cooperation: Comprehensive (Lines of credit, grants and loans, and technical assistance).
- Cooperation context: Multilateral
- Sector: Multisectoral
- Institution (publication): Ministry of Foreign Affairs of Denmark (and Observer Research Foundation)
- Author (and co-authors): Ritika Passi
- Keywords: South-South cooperation; India; China; multilateral economic governance architecture; IMF; World Bank; new global economic order; AIIB; BRICS
- Link: Ministry of Foreign Affairs of Denmark