China’s Changing Role in Multilateral Development Banks

ChinaChina hasSrinivas, P.S. a complexMultilateral Development Banks relationship with MDBs as it is simultaneously one of their largest shareholders, one of their largest donors, one of their largest borrowers, and one of their largest recipients of contracts. Through the Belt and Road InitiativeBelt and Road Initiative, The (BRI) and other lending, China has also become the world’s largest bilateral lender to developing countries. It is also a major driver behind the AIIB and NDB, both of which have the potential to make a significant impact on the international financial system and provide lessons for established MDBs in their own operations and governance.