India and China in Multilateral Economic Governance

The evaluation study seeks to understand the dynamics of how India and China engage in and with international financial institutions, specifically multilateral banks. It looks at India‘s and China‘s engagement with the World Bank and the International Monetary Fund, as well as their participation in building the two new multilateral development banks, the Asian Infrastructure Investment Bank (AIIB) and the BRICS‘s New Development Bank (NDB).

 

In doing so, the study unpacks the inter-related economic, political, and strategic motivations behind India‘s and China‘s approach towards multilateral economic governance processes broadly, and development finance institutions in particular. Their interaction with African countries, bilaterally, and under the African Development Bank, is a particular case study in this regard. The study also delves into India‘s and China‘s evolving worldviews — their roles, ambitions, and consequent approaches to their external interactions — contextualised against the larger economic and political changes and disruptive trends agitating the existing international order.

 

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