in: D+C Development and Cooperation 43 (3-4), 13-14
Two new multilateral development banks are changing the landscape of international financial institutions (IFIs). There were several reasons for creating the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB). For one thing, emerging markets were dissatisfied with their share of voting rights within the established IFIs. For another, the new banks will help newly industrialising countries to plug infrastructure gaps.