Ndb | search
Click here to view Ndb news from 60+ newspapers.
Bookmark or Share- BRICS: Here’s what to know about the international blocIn 2015, for instance, the BRICS bloc founded the New Development Bank (NDB), a multilateral development lender based in Shanghai, China. In recent years, NDB has funded various projects ranging from increasing liquified natural gas transportation capacity in China to modernising freight rail systems in South Africa.
- China’s Belt and Road Initiative turns 10. Here’s what to knowOne of the largest and most notable BRI projects to date is the China-Pakistan Economic Corridor (CPEC). Launched in 2015, the CPEC is a trade corridor that connects Pakistan's Gwadar port on the Arabian Sea with Kashgar, a city in China's western Xinjiang Uygur Autonomous
- BRICS' New Development Bank turns four: what has it achieved?NDB remains, of course, a work in progress but has now successfully evolved from a start-up and is well on its way to becoming a fully fledged multilateral development bank. Multilateral development banks are essentially global financial institutions backed by governments to provide long-term finance for sustainable infrastructure such as roads ...
- What is ‘new’ about the New Development Bank?The “new” in NDB is a licence to experiment relentlessly, within certain risk parameters. Thirdly, as a new organization, it is fair to expect the NDB to be faster, more agile and less bureaucratic than existing multilateral banks. After all, there are no cumbersome procedures to slow down operating processes and delivery.
- BRICS-plus: Alternative globalization in the making?Within this group of development institutions, the NDB could potentially perform a coordinating role with respect to BRICS+ initiatives, while there could also be a role for the Asian Infrastructure Investment Bank (AIIB), which could serve as a platform for bringing together the financing from developing and developed economies.
More
