New ODI paper looks at the prospects of the BRICS New Development Bank and the Asian Infrastructure Investment Bank
New Overseas Development Institute`s (ODI) paper analyses the creation and potential operational scale of the BRICS New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB). The focus is on how membership, governance arrangements and the financial requirements inherent in the multilateral development bank (MDB) organisational model are shaping the trajectories of the NDB and AIIB. Choices made in these areas are already differentiating the two banks, with the AIIB appearing likely to achieve greater scale in development finance. The paper projects the financial capacity of the two new MDBs based on shareholder capital and likely financial performance, and considers a number of options for the NDB and AIIB to increase their operational impact.