Comparative Analysis And Collaborative Innovation Research Of Multilateral Development Banks

Global financial governance has been regarded as the main line of this full text,a comparative analysis on multilateral development banks is carried out on framework of background,institutional attributes,power structure,business operation and performance.The Asian Infrastructure Investment Bank(AIIB)is an institutionalized carrier for China constructing “One Belt and One Road”jointly to participate in global financial governance.In equity structure,voting rights and decision-making mechanism,AIIB is an regional organization characterized in openness,inclusion,no "one dominance",conforming to democratization trend of international relations.In governance structure,AIIB pursues simplicity and efficiency to achieve the balance between benefits and decision-making efficiency.In business operation,AIIB's investment is focused on Asian infrastructure construction,and it has established a cooperative and certain competitive business relationship with each financial institution.Besides,the capital structure and credibility from member state governments contributes AIIB to be provided with "AAA" rating.In performance,innovate system design to reduce AIIB's administrative management cost,open procurement policy to all countries can improve its business performance;while the high-standard investment and financing policies can ensure to achieve its social benefits.It is of great practical significance to explore the social contribution of multilateral development banks.Due to the limitation of social performance index and its data availability,this paper limits the performance only to economic performance.Based on the perspective of global financial governance and comparison and synergistic analysis for nine representative multilateral development banks,focus on governance structure level,the ratio of infrastructure to total loans,the ratio of equity to total loans,the scale of assets,number of member countries and other factors to put forward hypothesis,the study conclusion is: the ratio of equity to loans and the total loans are significantly positive correlation with economic performance,so the policy conclusion is: First,improve management for asset rights,control non-performing loan ratio,implement differentiated management to loan projects and the approval of loan amount,improve asset quality,promote its steady development of multilateral development banks.Second,expand loan projects and loan amount of foreign assistance,from the medium and long term,take priority to infrastructure investment;it can not only directly improve their economic performance,but also promote to realize their social performance goals—poverty alleviation and development.Based on the synergy theory and comparative analysis of this article,multilateral development banks should unite to build a diversified collaborative development model for new rule to achieve its successful shaping.From the perspective of global financial governance and thinking of synergetic model,this paper argues that the path for multilateral development banks to achieve coordinated development includes balanced development,complementary advantages,public platform for global governance,North-South cooperation,building global network credit system,blacklist sharing,introducing private capital co-financing,joint loans,mutual coordination to governance standards and other considerations.