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Unsatisfactory reforms of institutions such as the World Bank(WB),the International Monetary Fund(IMF)and the Asian Development Bank(ADB),despite the rising contribution of new players in the global economy and financial architecture,have led to China taking matters into its own hands.hannah Edinger,a director at Frontier Advisory,a South Africa-based investment advisor,looks at the operationalization of two multilateral development banks,the Asian Infrastructure Investment Bank(AIIB)and New Development Bank(NDB),and the benefits they may have for Africa.Her thoughts follow:
Unsatisfactory reforms of institutions such as the World Bank (WB), the International Monetary Fund (IMF) and the Asian Development Bank (ADB), despite the rising contribution of new players in the global economy and financial architecture, have led to Chinapting matters into its own hands. Hannah Edinger, a director at Frontier Advisory, a South Africa-based investment advisor, looks at the operationalization of two multilateral development banks, the Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB), and the benefits they may have for Africa. Her thoughts follow: