Оценка роли нового банка развития БРИКС и Азиатского банка инфраструктурных инвестиций в трансформации системы многосторонних банков развития (Assessing the Role of the BRICS Development Bank and the Asian Infrastructure Investment Bank in Transforming the System of Multilateral Development Banks)

53 Pages Posted: 6 Jun 2019

See all articles by Marina Larionova

Marina Larionova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions

Andrey Shelepov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions

A. Sakharov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions

Date Written: April 16, 2019

Abstract

Russian Abstract: В материале представлен сравнительный анализ механизмов привлечения капитала, операционных инструментов и условий поддержки проектов НБР, АБИИ и «традиционных» многосторонних банков развития, сделана попытка дать оценку траектории развития двух новых институтов и их роли в трансформации глобальной финансовой системы.
Несмотря на то, что новые банки развития довольно быстро преодолели период становления, сформировав масштабный портфель проектов (26 проектов на 6,5 млрд долл. для НБР и 31 проект общей стоимостью 27,8 млрд долл. с вкладом АБИИ 6,2 млрд долл.), нужды стран с формирующимися рынками и развивающихся стран, где дефицит инвестиций только в инфраструктуру превышает 1 трлн долл., ставят перед ними задачу ускоренного наращивания объемов финансирования и привлечения частных инвестиций.
В работе представлен анализ возможностей расширения кредитных портфелей новых банков развития, мобилизации частных инвестиций, усиления роли в системе международных банков развития (МБР). Сформулированы рекомендации по усилению влияния России в НРБ и АБИИ.

English Abstract: This study presents a comparative analysis of the mechanisms of raising capital, operational instruments and conditions for project support offered by the NDB, AIIB and "traditional" multilateral development banks, and makes an attempt to assess the trajectory of the new banks’ development and their role in the transformation of the global financial system.

Despite the fact that the new development banks have quickly overcome the period of formation (the NDB has approved 26 projects worth USD 6.5 billion and AIIB – 31 projects worth USD 27.8 billion with an AIIB contribution of USD 6.2 billion), the needs of developing countries and emerging markets, where the deficit of infrastructure investment exceeds USD1 trillion, pose a challenge of accelerating financing and attracting private investment.

The study presents the analysis of the possibilities for expanding the loan portfolios of the new development banks, mobilizing private investment, and strengthening their role in the system of multilateral development banks (MDBs). Besides, recommendations are made to strengthen Russian influence in the NDB and AIIB.

Note: Downloadable document is in Russian.

Suggested Citation

Larionova, Marina and Shelepov, Andrey and Sakharov, A., Оценка роли нового банка развития БРИКС и Азиатского банка инфраструктурных инвестиций в трансформации системы многосторонних банков развития (Assessing the Role of the BRICS Development Bank and the Asian Infrastructure Investment Bank in Transforming the System of Multilateral Development Banks) (April 16, 2019). Available at SSRN: https://ssrn.com/abstract=3391219 or http://dx.doi.org/10.2139/ssrn.3391219

Marina Larionova (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions ( email )

Andrey Shelepov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions ( email )

Moscow
Russia

A. Sakharov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center for Studies of International Institutions ( email )

Moscow
Russia

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