The global economic governance architecture has in recent decades undergone a deep metamorphosis with respect to the institutional arrangements responsible for the economic needs of a growing, developing world. The international financial institutions formed during the Bretton Woods era (mid-1940s) such as World Bank, International Monetary Fund, and World Trade Organization have long served as multilateral institutions in charge of addressing critical issues in the international financial system. However, the rise of larger developing economies (for example India, China, Brazil) has allowed these countries to enjoy greater roles in the global economic and political landscape. This chapter provides a comprehensive account of some ‘old’ and ‘new’ institutional arrangements that shape the governing dynamics of a new global economic order; it further argues for a (re)defined institutional approach to developmental growth that is useful in designing financial lending policies for developing economies to accomplish a more robust, inclusive growth process.