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Beyond Bretton Woods: China and the Changing Landscape of International Development Finance

Dates:
  • Thu 04 Oct 2018 09.00 - 19.00
  • Fri 05 Oct 2018 09.00 - 17.30
  • Sat 06 Oct 2018 09.00 - 13.00
  Add to Calendar 2018-10-04 9:00 2018-10-06 13:00 Europe/Paris Beyond Bretton Woods: China and the Changing Landscape of International Development Finance

This Executive Training Seminar brings together officials and scholars from Europe and China who have been spearheading the operations of – and research on – the new institutions currently changing the landscape of international finance for development. It offers graduate students, young scholars and professionals an intimate setting that encourages informal interaction and facilitates access to senior officials. Participants will be exposed to multiple perspectives on China’s ambitious endeavours in the realm of international institution-building, among the most consequential expressions of Beijing’s increasingly proactive foreign policy. The seminar will look especially at new finance for infrastructure, focussing on two multilateral banks initiated by China – the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank -, and on one domestic financial instrument, the Silk Road Fund. These emerging players have been cast as complementary, rather than alternative, to the Bretton Woods institutions traditionally operating in this policy realm. However, while they have significantly contributed to the resource pool for investment in infrastructure across Eurasia, concerns have also been raised on their operations, including the role that China wants to play in (and through) them, and debt sustainability for poor recipients in the region. Through a set of highly interactive sessions, this seminar will explore (1) what the rationale behind these new institutions is and how they work in practice, (2) how they are impacting on the existing institutional framework for development finance centred around the Asian Development Bank and the World Bank, (3) the extent to which they contribute to improving project origination, efficiency and sustainability, and (4) whether these new players are generating fresh investment opportunities for companies outside China, based on a level-playing field.

Cappella - Villa Schifanoia - Chapel DD/MM/YYYY
  Cappella - Villa Schifanoia - Chapel

This Executive Training Seminar brings together officials and scholars from Europe and China who have been spearheading the operations of – and research on – the new institutions currently changing the landscape of international finance for development. It offers graduate students, young scholars and professionals an intimate setting that encourages informal interaction and facilitates access to senior officials. Participants will be exposed to multiple perspectives on China’s ambitious endeavours in the realm of international institution-building, among the most consequential expressions of Beijing’s increasingly proactive foreign policy. The seminar will look especially at new finance for infrastructure, focussing on two multilateral banks initiated by China – the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank -, and on one domestic financial instrument, the Silk Road Fund. These emerging players have been cast as complementary, rather than alternative, to the Bretton Woods institutions traditionally operating in this policy realm. However, while they have significantly contributed to the resource pool for investment in infrastructure across Eurasia, concerns have also been raised on their operations, including the role that China wants to play in (and through) them, and debt sustainability for poor recipients in the region. Through a set of highly interactive sessions, this seminar will explore (1) what the rationale behind these new institutions is and how they work in practice, (2) how they are impacting on the existing institutional framework for development finance centred around the Asian Development Bank and the World Bank, (3) the extent to which they contribute to improving project origination, efficiency and sustainability, and (4) whether these new players are generating fresh investment opportunities for companies outside China, based on a level-playing field.


Location:
Cappella - Villa Schifanoia - Chapel

Affiliation:
Robert Schuman Centre for Advanced Studies

Type:
Executive Training Seminar

Organiser:
Giorgia Giovannetti (European University Institute & University of Florence)
Giovanni Andornino (University of Torino, Torino World Affairs Institute and European University Institute)

Contact:
Mia Saugman - Send a mail

Links:
Programme and application

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