............This is the reason why India should take the lead for a new SAARC Development Bank (SDB). This will help supplement the capital flows that may take place through other multilateral institutions. Being anchored within South Asia, it would work as a regional development bank. The SDB would leverage its own capital base for raising tier 2 capital, as also borrowing long-term funds based upon its balance sheet strength. China is already pitching an Asia Infrastructure Development Bank to India. There is no doubt that China sees this as an opportunity to expand its project exports markets in Asia. While India could partner China to a limited extent in this concept, its own long-term future interests are more ........
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