The Asian Development Bank ( Adb ) For The Reconstruction...

After the World War II, the United States led the European countries to establish the World Bank (IBRD), which helped the reconstruction of Europe. And in the meanwhile, the United States led Japan, China and some other Asian countries to establish the Asian Development Bank (ADB) for the reconstruction of Asia after the war. IBRD, ADB and IMF (International Monetary Fund), etc. occupy the monopolistic and predominant status all around the world for several decades. In the other words, they dedicate the economic and the political tendency all over the world. However, there are many problems and unreasonable terms for the debit and credit, investment, financing and so on, which are related to the political reasons, exist in IBRD, ADB and IMF. These restricts influence the development of those Third World countries severely. Along with some other reasons and details, in October 2013, China put forward suggestions to establish Asian Infrastructure Investment Bank (AIIB), a multilateral development organization with 100 billion authorized capital, which supports the infrastructure development for Asian countries especially, and the headquarter is set up in Beijing, China. This initiative bring huge competitions among the United States, China and Japan. After October 2014, the competitions spread and expand, in which some European countries are involved as well. The establishment of AIIB is not only the economic development and breakthrough, but also related to the politicalShow MoreRelatedThe International Monetary Fund ( Imf ) Essay2250 Words   |  9 PagesFund (IMF) is an international organization created in 1945 to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and to reduce poverty around the world. 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