Cross Border Insights’ Post

Are you curious about why and how crises reshape the interinstitutional authority structures underlying international regime complexes? 🌍 In their new paper published in the Chinese Journal of International Politics (CJIP), Dr. Felix Biermann and Benjamin Daßler examine how the COVID-19 pandemic has altered the relationship between legacy international organizations (IOs) and their challengers in the financial assistance regime complex. Learn how the two most prominent new multilateral development banks (MDBs), the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), used the COVID-19 pandemic as an opportunity to position themselves as viable alternatives to legacy institutions such as the World Bank (WB). 🏦 Read the full article here 📖 https://lnkd.in/d-CVnbZF #InternationalPolitics #COVID19 #FinancialAssistance #GlobalGovernance #Powershifts

The BRI has led to the creation of parallel institutions like the Asian Infrastructure Investment Bank (AIIB) that provide an alternative to U.S.-led institutions like the World Bank and IMF. This allows China to shape international standards and regulations to its advantage, challenging the U.S.-dominated global economic order. #Establishing alternative institutions

De/Cypher Lighthouse China’s Growing Role in Multilateral Development Banks The recently concluded #BRICS Summit in #Kazan left much to be discussed, but one of the most notable takeaways was China’s growing ambition in international multilateral governance. In his address, President Xi Jinping made it clear: “BRICS countries should play a leading role in reforming global governance… The New Development Bank (NDB) should be expanded and strengthened.” China’s growing influence in #MDBs is changing institutions and global development finance. It has given the Global South much-needed resources and innovative financing mechanisms, but it raises governance, transparency, and geopolitical balance concerns. China’s multilateral objectives raise the question: will they create a cooperative global order or deepen geopolitical divides and create new dependencies? Written by Farheen Yousuf Read more in the latest De/Cypher Newsletter https://lnkd.in/gjPUKukn South China Morning Post SCMP The World Bank Asian Development Bank (ADB) China Research Center China Development Research Foundation Mercator Institute for China Studies (MERICS) African Development Bank Group Center for Global Development International Monetary Fund Asian Infrastructure Investment Bank (AIIB) Trade and Development Bank Group - TDB Group CDB @

The global world order comprises various organs, arms, and instruments that facilitate international cooperation and governance. Key institutions like the UN, IMF, World Bank, and WTO play critical roles in addressing global challenges and promoting stability. Understanding these components is essential for comprehending the complexities of international relations and the dynamics of global governance.

While global growth has been showing resilience with positive short-term prospects, structural issues such as fragmentation, protectionism and #climatechange are set to impact the medium to longer term economic outlook. Will we see fragmentation escalate? What is the impact of ongoing regional conflict? As #trade patterns reshuffle, what is the role of multilateral development banks? Read analysis from BNP Paribas Head of Markets 360 Luigi Speranza and guest speakers at our recent Global official Institutions Conference: https://bnpp.lk/EYg1jb #macroeconomics #economy #finance Luigi Speranza Andrew Cross Sébastien Jean Petya Koeva Brooks Laurent Leveque 

I was invited to present my research on geopolitical risks in Latin America at the 8th Joint Regional Financing Arrangements Research Seminar in Luxembourg. This seminar was jointly organized by the ASEAN+3 Macroeconomic Research Office, the ESM - European Stability Mechanism, and the Latin American Reserve Fund (FLAR). It was an incredibly engaging seminar, bringing together leading experts and thought leaders from around the globe to discuss and explore critical issues in the field. #globalization #internationaltrade #LatinAmerica #globalfragmentation #geopoliticalrisk #torontometropolitanuniversity #globalmangement #tedrogersschoolofmangement #luxembourg #globalconflict

12 ways on how Donald Trump's policies, if implemented, could engender greater political, financial and economic fragmentation across the globe in 2025 and beyond: - Adoption of more protectionist trade policies by major economies - Realignment of economic and geopolitical alliances - Undermining of multilateral institutions - Reigniting of inflation - Rising geopolitical frictions - Disruption of existing global supply chains - Enhanced financial market volatility - More difficulty in international financing, tighter financial conditions and higher borrowing costs for emerging markets - Potential rollback of climate agreements and environmental regulations - More stringent immigration policies in the US - Lower global trade volumes, increasing regionalism and a shift towards protectionism and self-sufficiency among countries could result in long-term economic fragmentation - Likely more adventurism by China, Russia, Iran and North Korea. #investors #finance #economics #geopolitics #globalfinance #investors #sovereignwealthfunds #economicdevelopment

How will fragmentation impact the future of multilateralism and economic cooperation?   We spoke to Andrew Cross, Chief Financial Officer of the Asian Infrastructure Investment Bank (AIIB), on the sidelines of our recent Global Official Institutions Conference, about this important question.   Read more about trade, fragmentation, and the changing macroeconomic landscape: https://bnpp.lk/EYg1jb #macroeconomics #finance #trade Laurent Leveque Luigi Speranza

Reflection 1: Insights from the International Monetary Fund & The World Bank Annual Meetings I had the privilege of attending the IMF & World Bank Annual Meetings as a delegate, proudly representing Hallmark International Youth Club as their Global Ambassador. Among the few panels I attended, A Tale of Two Emergencies: Debt Policies of International Financial Institutions and Fiscal Injustices from a Global South Perspective stood out. As an Economist this discussion was incredibly thought-provoking as it raised critical questions about sustainable development for the Global South. Why do we persist in the narrative of needing more resources? What strategic shifts do our developing nations need to foster sustainable growth over a reasonable timeframe? I shared my insights on these questions in the attached International Monetary Fund video clip and would love to hear your thoughts as well. You can watch the full panel on the IMF website here: https://lnkd.in/dPh_UKaH #Economist #DiplomatInTraining #SustainableDevelopment #GlobalSouth #IMFWorldBankAnnualMeetings

Proposals to strengthen global governance and support SMEs are challenged by the reality of how institutions like the IMF and World Bank operate. These organizations often dictate economic policies that favor multinational corporations over local industries, eroding economic independence and limiting political sovereignty. The threat of NATO and economic sanctions serves as a coercive mechanism to enforce compliance with Western economic norms. To achieve true economic independence and cultural preservation, countries must navigate these challenges and find ways to resist external pressures while promoting sustainable development models that prioritize local needs and interests.