Multilateral banks can benefit by following trend of working with development partners

Editor's Note: Since China put forward the proposal in 2013 that the Asian Infrastructrure Investment Bank be established, there have been speculation that AIIB will menace the existing roles of the Asian Development Bank and other international financial institutions. A prudent and cooperative approach, however, has proved to be an effective way for AIIB to achieve a solid footing on the regional and international arena.

For a new financial institution, no asset can be more valuable than prudence and professionalism, just as the Asian Infrastructure Investment Bank is trying to showcase.