Is the World Bank Losing Asia?

2 Jul 10, 2014 7:00 AM EDT

By Mohamed A. El-Erian

Asia wants a new specialized bank to fill the gaps left by the World Bank and the Asian Development Bank. In contrast to its last effort to create a supranational monetary institution back in the 1990s, it might actually succeed.

http://www.bloombergview.com/articles/2014-07-10/is-the-world-bank-losing-asia