Multilateral Development Banks

Jim Wolfensohn, an Australian-turned-American who became president of the World Bank in 1995, was a mercurial character. His struggle to tackle the challenges of global development, relying on the weak reed of the World Bank, is a classic story of the heroic individual challenging global forces.&

2014 marked the 70th anniversary of the Bretton Woods conference, and it was a turning point for the global financial architecture. In July that year, the BRICS countries – Brazil, Russia, India, China, and South Africa – established the New Development Bank (NDB). A few months earlier, China

In his recent Interpreter post, Richard Moore provides a handy summary of the work of the Asian Development Bank (ADB) over the past 50 years. He also poses questions about the future of the Bank. Moore is a former ADB Board member, so he is thoroughly familiar with debates about the Bank's role in

It is just over two years since the United Kingdom announced (to the surprise of everyone involved, most notably the United States, but also China) that it would join the new, China-led multilateral development bank known as the Asian Infrastructure Investment Bank (AIIB). This triggered an