ABSTRACT

The paper handles two Eurasian international financial institutions, the Eurasian Development Bank (EDB) and the Eurasian Fund for Stabilisation and Development (EFSD), focusing on interaction with their international counterparts, including international financial organisations and multilateral development banks. We attempt to explain the reasons behind the choice of partners, modalities of interactions, underlying incentives and constraints, and varying dynamics of these two entities. It covers the following questions: What are the reasons behind the varying dynamics of international interactions for both institutions? What conditions the choice of institutions to cooperate with? Which constraints do the Eurasian institutions face? What is the relation between competition and complementarity in these interactions? The paper eliminates gaps in understanding the modalities and dynamics of the EDB and EFSD’s interaction with their counterparts among international financial institutions and provides a set of explanations.

摘要

该文件涉及两个欧亚国际金融机构，即欧亚开发银行（EDB）和欧亚稳定与发展基金（EFSD），着重于与包括国际金融组织和多边开发银行在内的国际同行的互动。我们试图解释选择合作伙伴的原因，相互作用的方式，潜在的激励和约束以及这两个实体变化的动力。它涵盖以下问题：两家机构之间国际互动不断变化的背后原因是什么？选择合作机构的条件是什么？欧亚机构面临哪些限制？在这些互动中，竞争与互补之间是什么关系？本文消除了在理解EDB的方式和动态以及EFSD与国际金融机构之间的对口互动方面的差距，并提供了一系列的解释。