The Peoples Forum on BRICS declared that the New Development Bank has to step back and reconsider why indeed it was established. In so doing, NDB must pro-actively reach out to peoples movements, trade unions, civil society organisations and peoples networks genuinely working with poor and impacted communities, rather than finding comfort in plush and polite consultations held with fellow bankers, bureaucrats, key politicians and cherry-picking “NGOs” who conform with rather than critically engage the NDB.
Patrick Bond, professor of political economy, offers a critical analysis of New Development Bank (NDB) ahead of the New Delhi meet.
The leaders of its New Development Bank (NDB) are meeting in New Delhi this weekend, following a People’s Brics Forum, which is highly critical of the bank.
14 October, 10am-1pm Xavier’s Centre of Historical Research, Alto Porvorim, Goa Organised by Forum against FTAs, Focus on the Global South, Public Services International (PSI), Third World Network (TWN), and Transnational Institute (TNI) The BRICS countries are opening up their markets to trade liberalisation and globalisation through the World Trade Organisation (WTO) and various bilateral…