... and quality of economic development in the Global South
More active progression towards issuing financial instruments and undertaking lending in national currencies
Coordination with BRICS CRA of analytical work on the possibility of the creation of a BRICS common currency
Greater activism coming from the regional centers of NDB to weave the regional development agendas into NDB’s project priorities
Another key focus area in the economic sphere is trade liberalization—it has not featured in the recent summit decisions of BRICS economies, even though if pursued it may ...
... major problems with the CMI/CMIM arrangement…the IMF linking seems hard to reconcile with the intention to provide a counterweight to the IMF ” (Biziwick et al., 2015 (p. 318)). Thus, as was the case with the Chiang Mai currency swap initiative, the BRICS NDB’s CRA’s promissory model, limited size (mirroring the limited paid-in capital allocated to BRICS’ New Development Bank), and IMF linking all stem from a fundamental lack of trust between BRICS member countries on their self-reliance for monitoring ...
... while the pattern of the expansion in NDB’s membership may be considered as one of the trajectories of the BRICS+ cooperation between core BRICS members and their regional partners from the developing world.
In fact, it is through the expansion in NDB’s membership that the BRICS+ concept can be institutionalized during the very initial stages of its implementation. According to Sergey Storchak, one of the potential paths for the expansion in NDB’s membership could involve the accession to the Bank of the regional partners ...
... subject to sanctions at one point partially or fully.
Tristan Kenderdine:
US–Iran Conflict Would Strengthen China’s Position in the Middle East
China, Russia, India, Brazil, and South Africa are the founding members of the
New Development Bank
. NDB’s 2017–2021 general strategy clearly highlights the bank’s commitment and intention to be new in three areas: 1) new relationships; 2) new projects and instruments; 3) new approaches.
All of these goals herald an unconventional, bold new, inclusive ...
... all countries of EEU. The BRICS nations (Brazil, Russia, India, China, and South Africa), the SCO (Shanghai Cooperation Organization), the EEU (Eurasian Economic Union), the AIIB (the new Chinese-founded Asian Infrastructure Investment Bank), and the NDB (the BRICS’ New Development Bank are all set to decide a new world order and a new economic boom in world market. Geopolitical analysts are believing that these associations and their agenda is futuristic and may create a new world order in place much ...
