Development Banks from the BRICS (Brazil, Russia, India, China and South Africa)

Although the BRICS could finance projects bilaterally, interests have pushed them towards the establishment of the New Development Bank

From:
Department for International Development
Published
1 January 2015
Country:
Brazil, China, India, Russia, South Africa
Document Type:
Thematic Summary
Theme:
Economic Growth, Infrastructure
Authors:
Spratt, S., Barone, B.

Abstract

Although the BRICS countries could choose to finance projects bilaterally, a number of interests have pushed them towards the establishment of the New Development Bank. This report discusses this bank, established to meet infrastructure investment needs in the developing world, and also considers other development financing initiatives and development banks from the BRICS.

Citation

Barone, B.; Spratt, S. Development Banks from the BRICS. Institute of Development Studies (IDS), Brighton, UK (2015) 129 pp. [IDS Evidence Report No. 111]

Development Banks from the BRICS

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Published 1 January 2015
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