All UPSC Mains previous year questions mapped for AIIB & New Development Bank (NDB): Structural Comparison with Western IFIs under Multilateral Development Banks.
India has recently signed to become founding a New Development Bank (NDB) and also the Asian Infrastructure Investment Bank (AIIB) .How will the role of the two Banks be Banks(NDB vs AIIB) different? Discuss the significance of these two Banks for India.
1. Important International institutions, agencies, for a (structure, mandate) The World Bank and the IMF, collectively known as the Bretton Woods Institutions, are the two inter-governmental pillars supporting the structure of the world’s economic and financial order. Superficially, the World Bank and the IMF exhibit many common characteristics, yet their role, functions and mandate are distinctly different. Elucidate.
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