The BRICS economies have better weathered the storm of the economic crisis, in part due to select state-interventionist policies, including the increased role played by national development banks in projects to reinforce sustainable development. What models of state-directed investment – in particular with regards to the development of critical infrastructure – have proven most effective, and how might various BRICS economies pursue these strategies over the coming decades?
Sustainability is a key tool in the development of banks. We’re talking about sustainable development founded on implementing practices that allow the private sector to function independently.
Unlike commercial banks, our debt policy and lending policy are based on long-term projects with relatively low interest rates. These projects come with higher risks, but are critically important for Russia.
In cooperation with UBS
In cooperation with PwC