Jul 27, 2016

Cautious optimism as NDB wraps up 1st Annual Meeting

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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 the NDB to finance green and sustainable development projects. Still, concerns persist over the transparency and thoroughness of the bank’s environmental standards and other policies. And some question just how different the bank will be from existing multilaterals. Read more here