1 relations other institutions
1.1 approach
1.2 asian development bank
1.3 asian infrastructure investment bank
1.4 world bank
relations other institutions
approach
the articles of agreement of bank ndb established complement existing efforts of multilateral , regional financial institutions global growth , development. moreover, ndb authorized founders cooperate within mandate other international organizations, national entities (public or private), in particular international financial institutions , national development banks.
the ndb president k.v.kamath stresses bank regards other international financial institutions, including imf , world bank partners, not rivals.
asian development bank
in july 2016, ndb signed asian development bank (adb) memorandum of understanding on strategic cooperation. 2 institutions expressed willingness work through co-financing , knowledge exchanges in areas including sustainable development projects in renewable energy, energy efficiency, clean transportation, sustainable water management, , sewage treatment.
asian infrastructure investment bank
although analysts hypothesize asian infrastructure investment bank (aiib) , ndb compete 1 another, there no evidence of competition among theses institutions.
talking relations aiib, officials ndb s member-states point out difference in member-states of ndb , aiib potential complement in working meet development , infrastructural needs.
according representative of bank s management, ndb , aiib sister institutions in many respects. these 2 banks have complementary mandates , different geographic focuses, ndb being more focused on brics countries. @ same time, there overlapping between mandates of ndb , aiib, both of them aimed @ developing infrastructure , pay special attention sustainable development. however, due fact current financing , investment patterns inadequate in meeting investment needs, there space newcomers , said.
in february 2016, president of ndb dismissed concerns on overlapping of interests of china-backed asian infrastructure investment bank (aiib) , ndb.
world bank
according media reports, other multilateral development institutions, including world bank group (wbg), have expressed intention work ndb.
in september 2016, ndb , world bank group signed memorandum of understanding on cooperation , announced ndb , wbg’s cooperative efforts focus on infrastructure.
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