The global economic governance architecture has undergone a deep metamorphosis with respect to the institutional arrangements responsible for the economic needs of a growing, developing world. The international institutions formed during the Bretton Woods era (mid-1940s), i.e. World Bank, International Monetary Fund, and World Trade Organization (evolving from General Agreement on Tariffs and Trade) have long served as multilateral institutions in charge of addressing critical issues in the international financial system. However, the rise of larger developing economies (India, China, Brazil, etc.) in recent decades allowed these countries to enjoy a greater role in the global economic and political landscape. This chapter provides, through a bird’s-eye view, a comprehensive account of some ‘old’ and ‘new’ institutional arrangements shaping the dynamics of a new global economic order; arguing for a (re-)defined institutional approach in designing financial lending policies for developing economies in accomplishing a more robust, inclusive developmental growth process.