Mar 31, 2017

Policy Way Forward for the New Development Bank


In the last meeting of the leaders of the BRICS countries, the 8th BRICS Summit, which was held in Goa, India, Heads of State of the BRICS countries took a pledge that they would work together to “Build Responsive, Inclusive and Collective Solutions” to address issues in developing countries. However, the question that is perhaps still unanswered is whether the BRICS countries are indeed geared up to meet the requirements of putting their respective countries on a “Sustainable Development Pathway” and importantly, and specifically is that the BRICS-led Bank – the “New Development Bank”, is well placed to act as a crucial engine for sustainable development?