G20 should aim to make AIIB and NDB the new IMF and World Bank6 min read . Updated: 13 Dec 2022, 12:54 PM IST
- China, particularly its state-led Belt and Road Initiative, has now eclipsed the World Bank and the IMF as a source of development credit for countries.
A distinguished economist has argued in an Economic Times op-ed that India must strive during its year-long G20 presidency, which started from December 1, to get the Bretton Woods institutions, particularly the International Monetary Fund (IMF) and the World Bank to modernise themselves.
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