Financial and Credit Institutions of Eurasian Integration (on the Example of the BRICS NDB and AIIB)

The article discusses the functions and capabilities of financial and credit development institutions that contribute to Eurasian integration. The prerequisites for the increasing role of multilateral development banks are analyzed. The comparison of the BRICS NDB and AIIB on various socio-economic and environmental indicators was made. The most significant projects of the NDB and AIIB for Eurasian integration are analyzed: financing in local currencies, non-sovereign financing and climate financing. As a result of the study, conclusions were drawn about the reasons for the decline of these projects in the NDB and the reasons for their stability in the AIIB.

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