Chinadialogue published on 14 November 2019 an article titled "What Happened to BRICS Bank's Promise to Revolutionise Development Finance?" by Manuela Andreoni, Dialogo Chino's Brazil editor.
Five years after its creation, the BRICS' New Development Bank has yet to approve loans to any non-member developing country. They have all gone to BRICS' members China, India, Brazil, Russia, and South Africa. The author argues that the criteria for choosing investments remain vague.
Friday, November 15, 2019
BRICS Bank Off to Slow Start
Labels:
banking,
Brazil,
BRICS,
China,
financing,
India,
loans,
New Development Bank,
Russia,
South Africa