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Bookmark or Share- BRICS' New Development Bank turns four: what has it achieved?The New Development Bank obtained a AAA international credit rating from Japan Credit Rating Agency in August 2019, and a AA+ rating in 2018 from Standard & Poor and Fitch respectively. These ratings are considerably above the average for the BRICS countries.
- Here's how development banks are de-risking green investmentsPrivate capital will be instrumental in closing this $1.2 trillion gap, so de-risking of that credit by multilateral development banks is key. Here are just some of the key tools being used today and how they can be further improved to hit that $1.7 trillion target and close the gap.
- New Development Bank | World Economic ForumThe New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa). The bank aims to foster greater financial and development cooperation among the five emerging markets.
- Asia Development Bank (ADB) | World Economic ForumThe Asian Development Bank is a multilateral development finance institution established by 31 countries in 1966. It is now owned by 67 countries, mostly from the region. Its development work is aimed at improving the welfare of people in Asia and the Pacific, especially for the 1.9 billion poor living on less than $2 a day.
- Development Bank of Southern Africa | World Economic ForumThe Development Bank of Southern Africa (DBSA) is one of the leading development financial institutions (DFIs) in Africa. At the core of its mandate, the DBSA seeks to play a pivotal role in delivering developmental infrastructure in South Africa and the rest of Africa.
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