New International Development Banks and the Interests of Russia
Abstract
Development banks represent the conjunction of state structure and commercial bank. Nations are investors (shareholders) in them, as a rule, but funding to the borrowers is provided on the basis of payment and recurrency. Thus, the international development banks perform political and commercial functions in its activities. This article is devoted to analysis of the political and commercial features of the functioning of such new international and regional development banks like the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) and Russia’s interests in these financial institutions.
References
1. Ridia consulting. Available at: http://www.ridiaconsulting.com/asia-infrastructure-investment-bank-aiib.html (Accessed 05 November 2016).
2. Wharton. University of Pennsylvania. Available at: http://knowledge.wharton.upenn.edu/article/chinas-aiib-recasts-regional-development-finance-and-u-s-global-influence/ (Accessed 05 November 2016).
3. Jacques M. When China rules the world. Penguin books. 2012.
4. BBC news. Available at: http://www.bbc.com/news/world-asia-pacific-12212936 (Accessed 05 November 2016).
5. Politi J. World Bank sees end to dollar’s hegemony // Financial Times, 17.05.2011.
6. Hsiung James C. et al. The Xi Jinping Era. Beijing Meditime Books Co. NY, 2015, p. 294.
7. РИА Новости. [Электронный ресурс]. URL: http://ria.ru/economy/20160120/1362473268.html. RIA News. Available at: http://ria.ru/economy/20160120/1362473268.html (Accessed 05 November 2016).
Review
For citations:
Svedentsov V.L. New International Development Banks and the Interests of Russia. The world of new economy. 2017;11(1):55-59. (In Russ.)
Views:
1247
Email this article 