China's initiative to establish the Asian Infrastructure Investment Bank (AIIB), attracting membership from G7 countries against the vocal opposition of the United States, has been recognised as a significant moment in an ongoing hegemonic transition. This book examines how power transitions...

The good hegemon : demanding accountability as justice for the multilateral development banks -- US norm entrepreneurship and the MDBs -- US hegemony for what? From accountability as control to accountability as justice for the MDBs -- Bank resistance to institutionalising accountability as...

The grant element is the “gift portion” of a financial transaction. The mathematical technique for arriving at a precise grant element percentage was first proposed by John Pincus of the RAND Corporation in 1963, and developed mathematically by Göran Ohlin of the Development Centre in 1966....