Bank for International Settlements

It has 60 member central banks, representing countries from around the world that together make up about 95% of world GDP.

The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
Customers: Central banks and international organisations

Do not accept deposits from, or provide financial services to, private individuals or corporate entities.

Established under the aegis of BIS Bank of International Settlements
Forum of Central bankers and experts working towards promotion of a robust and transparent forex market
Comprises of public and private sector representatives from the foreign exchange committees of 16 international forex trading centres
To maintain and update the “Global Code of Conduct for the Foreign Exchange Markets"

Asian Development Bank ADB

Headquarters - Philippines
Regional development bank in 1966
The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific
Voting system based on proportion with members' capital subscriptions
Japan holds largest share followed by US. Australia, India and China also provided capital.
Mandate

The ADB defines itself as a social development organization that is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.
This is carried out through investments – in the form of loans, grants and information sharing in infrastructure, health care services, financial and public administration systems, helping nations prepare for the impact of climate change or better manage their natural resources, as well as other areas

BRICS Bank /New Development Bank

Headquarters Shanghai, China
Idea in 2014. Operational by 2016
To counter IMF, World Bank and ADB, China conceived idea of BRICS bank and AIIB bank

Data	IMF	World Bank	BRICS Bank/New Development Bank
By which summit?	Bretton Woods, USA	Bretton Woods, USA	6th BRICS summit Brazil
Year	1944	1945	2014, July. Although ops may by 2016.
HQ	Washington	Washington	Shanghai, China.
members	188	188 (IBRD); 172 (IDA)	only five. Open to other countries But share of BRICS should not be less than 51 percent
voting power	Different voting powers based on Quota system.	Differs according to shareholding and other criteria	All five members have equal voting power.
Purpose	Loans to solve Balance of Payment (BoP) crisis. technical assistance in policy making surveillance over International economy	Poverty reduction to 3% by 2030. Soft loans for development projects. Promoting foreign investment and international trade.	loans for infrastructure and sustainable development projects helping country in balance of payment (BoP) crisis

Board of Governors	Highest Decision Making body. Voting power according to shareholding which is according to GDP
Board of Directors	Board of Governors, will elect these directors. They’ll decide budget and submit reports Board of Governors
President	He is the president of Board of directors. Person with long experience and ethical integrity in banking /economics / finance. He’ll be selected on “< style='font-weight:bold;font-family:Calibri;font-size:12.0pt'>merit”.Responsible for Day to day administration, hire and fire staff. He can appoint vice President to reduce work load.

US and Japan not members of AIIB. Canada applied for membership. Australia is a member

ADB	BRICS/NDB	AIIB
Dominated by US, Japan and Australia	BRICS countries	Led by China
India member	India member	India member. 2nd largest shareholder
1996	2014. Operational in 2016	2016
Philippines	Shanghai	Beijing
Voting system based on proportion with members' capital subscriptions	All five members have equal voting power.	Voting power according to shareholding which is according to GDP
	Open to all members of UN but BRICS countries share could not be less than 55
Reduction of poverty in Asia and Pacific regions	Developmental projects and solve balance of payment crisis	To address the daunting infrastructure needs across Asia.

It is a multilateral development finance institution
HQ: Abidjan, Cote D'Ivoire
Comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
Its mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs
India joined the African Development Bank (AfDB) in 1983. It is a non-regional member of the Bank
Annual Meeting of the African Development bank was held in Gandhinagar, Gujarat (first time held in India)

Headquarters: London
Established in 1991
multilateral developmental investment bank - EBRD is owned by 66 countries from five continents, as well as the European Union and the European Investment Bank.
Initially focused to help former Communist states build their economies after the Cold War and then expanded to support development in more than 30 countries from central Europe to central Asia
It works only in countries that are "committed to democratic principles(multi-party democracy)", using investment as a tool to build market economies
Union cabinet recently approved India’s membership for European Bank f Reconstruction and Development (EBRD).

India will only be providing rather than receiving money with its new membership