The two new ‘Asian’ multilateral banks — Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) — have a specific focus on sustainability and green finance. Both are headquartered in China, committed to financing sustainable infrastructure projects, and lean in their operations — all things that make them stand apart from the other multilateral institutions.
After more than two years in existence, during which they have steadily scaled up their activities, they are yet to alter the financing landscape in any fundamental way. Both ...
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