OEF Rapid Review Articles
Global Times interviewed Leslie Maasdorp, vice president of the New Development Bank, the new BRICS bank:
GT: What do you think of the relationship between the NDB and the Asian Infrastructure Development Bank (AIIB)?
M: The AIIB and NDB are both headquartered in China and there is a strong relationship between these two institutions. Within the infrastructure space, there is such a huge funding gap that all of these institutions can work together. All of us contribute to filling that funding gap. What sets the AIIB and NDB apart is that we are focused on the five BRICS countries, while the AIIB is focused on Asia, so we have a geographical difference. But for big regional projects in Asia, we very much welcome the opportunity to partner with the AIIB to co-finance some projects. Rather than setting up a rival institution, we consider the NDB as being complementary to the existing financial architecture…
LINK TO THE SOURCE ARTICLE:
New Development Bank Not a Rival Institution but Complementary to AIIB
LINK TO THE SOURCE ARTICLE:
New Development Bank Not a Rival Institution but Complementary to AIIB