The two worlds of the multilateral development banks -- The banks and their shareholders -- The banks and the Beltway in the 1970s -- Forging a new policy program -- Disciplining the banks -- The emergence of the Washington consensus -- Augmenting the Washington consensus -- The rise of social...

Discontent with the substantial influence of major global players in International Financial Institutions (IFIs) has raised a call to restructure these organizations. Greater involvement of borrowing members in lending decisions has been proposed in order to limit the exposure of development...

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...