Apr 25, 2016

First BRICS bank loans spark debate over environmental protection

NDB project funding has been the subject of intrigue and concern among civil society organizations (CSOs) since the bank’s formal launch in Fortaleza, Brazil, in 2014. Yet news of these first ‘green’ loans has done little to ease their fears.

The problem, CSOs say, is that since the NDB still lacks a proper social and environmental policy framework, it cannot safeguard against the adverse impacts of its projects – no matter how green they claim to be.

Read more here.