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According to Caio Borges, Prof. Karin Costa Vazquez and Supriya Roychoudhury, if question marks on the future of BRICS are repeatedly raised, the New Development Bank (NDB) is probably the most concrete avenue through which the grouping can deepen co-operation. The...
Devex reported that the 1st Annual Meeting of the BRICS New Development Bank (NDB), held from July 20 to 21 in Shanghai, China, conclude on a positive note, leaving development professionals, civil society leaders, and bank officials optimistic about the potential for...
As government officials from Brazil, Russia, India, China and South Africa wrapped up proceedings in Shanghai for the first Annual Meeting of the BRICS New Development Bank (NDB), development and environmental groups from BRICS countries called for greater...
From the beginning, the idea of a BRICS-led development bank was seen to be a direct challenge to existing development banks, notably the Western-dominated World Bank and IMF. But what exactly is new about the New Development Bank? Supriya Roychoudhury and Karin Costa...
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...
As government ministers from Brazil, Russia, India, China and South Africa gather in Washington, DC for the third board of governors meeting of the BRICS New Development Bank (NDB) April 13 and 14, civil society groups in BRICS countries appealed to their governments...
With the BRICS New Development Bank set to open its regional office in Johannesburg and approve its first set of projects for financing in the next weeks, South African civil society groups raise concerns about lack of transparency or consultation with potentially...
November 30, 2015: On the heels of the meeting of governors of the BRICS New Development Bank (NDB), civil society organizations from BRICS countries and countries that will likely be impacted by NDB projects called on the Bank to open a transparent and participative...
Can the emerging economic powerhouses of the so-called BRICS - Brazil, Russia, India, China, and South Africa – underwrite development in a way that doesn’t stamp on the rights of people who are supposed to benefit? That’s the big question following an agreement...
Leaders of Brazil, Russia, India, China and South Africa, an economic and political grouping known as the BRICS, arrived in Fortaleza, Brazil this week for the 6th BRICS Summit. A focal point of the two-day meeting was the launch of the BRICS New Development Bank to...