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Lessons from the Field / Southern Voices:
What Role for Development Finance in the Future of Africa and the Global South?
›By Nancy Alexander & Francis A. Kornegay, Jr. // Monday, August 18, 2014
MOREAt the recent BRICS Summit, Leaders announced new initiatives, including a New Development Bank (NDB) for infrastructure and sustainable development. In the same timeframe, China will join with its allies to launch a new Asian Infrastructure Investment Bank (AIIB). These initiatives provide a counter-point to the US-led World Bank and the Japan-led Asian Development Bank.
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