BRICS joint financial architecture : the New Development Bank

Luciana Acioly

The present text aims to analyze the New Development Bank (NDB) established by BRICS as part of the group’s financial architecture, focusing on the main motivations for its creation, ways of acting and governance structure. Although focused on providing credit for infrastructure and sustainable development projects and acting through different practices of financial institutions established after the Second World War, NDB still faces important challenges to meet those goals.

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Year of publication:	July 2019
Authors:	Silva, Luciana Acioly da
Publisher:	Brasília, DF, Brazil : Ipea, Institute for Applied Economic Research
Subject:	financial institutions \| international capital markets \| multilateral development banks \| international lending \| emerging markets \| international institutional arrangements \| Entwicklungsbank \| Development bank \| Internationaler Finanzmarkt \| International financial market \| Schwellenländer \| Emerging economies \| Welt \| World \| Internationaler Kredit \| International credit \| Entwicklungsländer \| Developing countries \| Entwicklungsfinanzierung \| Development finance \| Internationale Bank \| International bank \| Entwicklungsorganisation \| Development organization \| BRICS-Staaten \| BRICS countries \| Kreditgeschäft \| Bank lending