What institutions is China establishing as a means of becoming an alternative to the World Bank & IMF?

  • New Development Bank (with India, Russia, Brazil & South Africa), $50bn in capital + $100bn of pooled foreign exchange reserves - copycat of World Bank.
  • Asian Infrastructure Investment Bank ($100bn in capital) - copycat of World Bank & Asian Development Bank (ADB).
  • Silk Road infrastructure fund ($40bn in capital) to boost connectivity across Asia.
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