THE NEW DEVELOPMENT BANK: A STRONGER ROLE FOR BRICS IN THE GLOBAL FINANCIAL ARCHITECTURE

THE NEW DEVELOPMENT BANK: A STRONGER ROLE FOR BRICS IN THE GLOBAL FINANCIAL ARCHITECTURE

18 June, 15:00–16:15

The BRICS economies have jointly established a USD 100 billion development bank to be based in Shanghai. What does this new institution mean for global economic management? What are some of the key areas of focus over the medium term?















Broadcast

Key moments

The new bank for development will be one that works jointly with other financial institutions, local and regional, to finance infrastructure projects.
Vladimir Dmitriev
There are so many savings out there in emerging markets, and yet, in terms of their use there are not enough institutions to allow these savings to be utilized to boost growth rates and development.
Yaroslav Lisovolik
If you can create (finance) platforms that bring together the best, you can improve accountability, governance, transparency.
Amar Bhattacharya