ELLA Doron <br/><br/>
Balancing effectiveness with geo-economic interests in multilateral development banks:  the design of the AIIB, ADB and the World Bank in a comparative perspective/ 
Doron Ella 
 -  2021 
<br/><br/> Since its inception in December of 2015, scholars and policy-makers have been debating the motivations behind the design of the AIIB. This paper advances this debate by exploring whether and how the AIIB’s structure follow the design pattern of other leading MDBs, and how well did it manage to integrate institutional effectiveness considerations with promoting its largest shareholders’ geo-economic interests. It does so by comparing the design of the AIIB with that of the ADB and the World Bank, while integrating several approaches to institutional design. I argue that the AIIB’s architects identified certain functional deficiencies in the performance of existing financial institutions and attempted to establish an alternative that will better address these deficiencies.  
<br/><br/><label>Subjects--Topical Terms: </label><br/>ASIAN DEVELOPMENT BANK<br/>ASIAN INFRASTRUCTURE INVESTMENT BANK