Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220329 
Year of Publication: 
2019
Series/Report no.: 
Discussion Paper No. 243
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
The present text aims to analyze the New Development Bank (NDB) established by BRICS as part of the group's financial architecture, focusing on the main motivations for its creation, ways of acting and governance structure. Although focused on providing credit for infrastructure and sustainable development projects and acting through different practices of financial institutions established after the Second World War, NDB still faces important challenges to meet those goals.
Subjects: 
financial institutions
international capital markets
multilateral development banks
international lending
emerging markets
international institutional arrangements
JEL: 
G15
G24
F55
Document Type: 
Working Paper

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