BRICS Development Bank

Will the New BRICS Bank Break with Traditional Development Models, or Replicate Them?

Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.

BRICS Build New Architecture for Financial Democracy

The BRICS alliance (Brazil, Russia, India, China and South Africa) launched the New Development Bank (NDB) and Contingency Reserve Arrangement (CRA) during its sixth summit, institutionalising a new financial architecture for the emerging powers.

New BRICS Monetary Fund May Reproduce Inequalities

The first common institutions to be set up by Brazil, Russia, India, China and South Africa – the BRICS – are financial, and have arisen as a result of reforms to an international system that continues to largely ignore the growing influence of emerging countries.

Not Yet Banking on BRICS

Although leaders of the Brazil, Russia, India, China and South Africa group agreed to launch a new development funding institution, giving the club a major infrastructure boost, some here are sceptical about the potential impact of the new bank.

New Development Bank to be Key BRICS Building Block

Emerging market leaders want their Brazil, Russia, India, China and South Africa club to be taken seriously, and next month they are expected to make a decisive move towards setting up a development bank to give it real substance and credibility.



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