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.
Patrick Bond writes: The weeks following an underwhelming Brazil-Russia-India-China-South Africa (BRICS) mid-September summit in Goa and the United States presidential election in November have unveiled ever-widening contradictions.
October 13th and 14th, 2016, in Goa, India the People’s forum on BRICS will take place, a block of countries that gathers Brazil, Russia, India, China and South Africa. Why would a non-governmental organization such as Inesc, headquartered in Brasília, be interested in this meeting? There might be many reasons, but the main one is the…
October 13th and 14th, 2016, in Goa, India the Peoples’ forum on BRICS will take place, a block of countries that gathers Brazil, Russia, India, China and South Africa. Why would a non-governmental organization such as Inesc, headquartered in Brasília, be interested in this meeting? There might be many reasons, but the main one is…
This article by Urvashi Sarkar first appeared on Scroll.in Since its first summit in 2009, the BRICS group of nations has done what it takes to be noticed – carved out a multilateral bank with an initial authorised capital of $100 billion and created a Contingency Reserve Arrangement to tackle financial crises. However, as the…