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Evaluation Study – India and China in Multilateral Economic Governance

January 2019


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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Table of Contents

Executive Summary

From Then to Now: Situating India and China in the Existing Multilateral Economic Governance Architecture

From Now to the Future: A New Global Economic Order?

Reinvigorating Multilateralism: Engaging with Denmark


Ministry of Foreign Affairs of Denmark
Asiatisk Plads 2,
DK-1448 Copenhagen K
Phone: +45 33 92 00 00
Fax: +45 35 44 62 01


This page forms part of the publication "Evaluation Study – India and China in Multilateral Economic Governance – January 2019" as the Frontpage.
Version no. 1.0, 2019-02-07
Publication may be found at the address http://www.netpublikationer.dk/um/evaluation_study_india_china_multilateral_economic_governance_january_2019/index.html