Bricks bank or new development bank

a new multilateral bank, a key milestone of the cooperation among emerging economies and developing countries. that is by five emerging economies(Brazil, Russia, India, China and South Africa), to an alternative to the World Bank and IMF. And their aim is to provide help for sustainable development projects.

1. Presentation on… Welcome to our

2. Objectives of the Study To know about structure and function of NDB. To know about the context of the formation of NDB. To analyze the prospects and challenges of NDB.

3. Basic Information of NDB Formation: 15 July, 2014 Type : International Financial Institution Headquarters: Shanghai, China Membership: Brazil, Russia, India, China, South Africa Logo of NDB President of NDB (K. V. KAMATH)

4. Context of the Formation of NDB Discriminatory attitude of World Bank and IMF. Weighted voting system. Dominance of America in IMF and World Bank. Less voting power of China, Russia and India. Huge conditions of World Bank and IMF.

5. Characteristics of World Bank & IMF

6. Duopoly System of World Bank & IMF Focus on competition and market forces. One size fits all. Takes away political autonomy. Increase the value of dollar. Focus on privatization.

7. Outcomes of Duopoly System

8. Is Any Alternative Needed???

9. New Development Bank New Development Bank is a multilateral development bank referred as BRICS Bank. A way of the cooperation among emerging economies and developing countries. Alternative to the existing American and European dominated World Bank and IMF.

10. Global-south cooperation Equal say in decision-making Account for 43% of the world population over 3 million Combined nominal GDP of USD 1 6.039 trillion USD 4 trillion in combined foreign reserves

11. Vision Investment in infrastructure development projects. Sustainable development projects Move away from a long-standing dependence on IMF and World Bank. Improve and complement the global financial system.

12. Mission Resource mobilization. Establish an extensive network of global partnerships. Innovative approaches. Simple governance.

13. History of NDB

14. History of NDB

15. Membership & Voting Power of NDB The member shall be opened to members of UN according to the agreement of the NDB The voting power is equal to its subscribed shares The president shall be elected from among the founding members in rotational basis.

16. Structure of NDB

17. Contingent Reserve Arrangement (CRA) China will contribute $41 billion Brazil, Russia and India would give $18 billion each and South Africa would contribute $5 billion.

18. Functions of NDB Support public or private projects through loans. Guarantees for equity participation. Better understanding of the borrower's mindset. Cooperate with international organizations and other financial entities. Provide technical assistance for projects.

19. PROJECTS of NDB Countries Projects Name Loan Amount BRAZIL Renewable energy project (wind, solar) US$81 ml RUSSIA Putin Pinghai Bay Offshore Wind power project US$100 ml INDIA Madhya Pradesh Road project(1500km) US$350 ml CHINA Renewable energy project (solar roof-top PV) US$81 ml SOUTH AFRICA Renewable energy (transmission) US$180 ml

20. Prospects of NDB Rise of South. Alternative to World Bank and IMF. Financial Inclusion. Meet the need of more than 43% population of the world. Decrease the value of USD.

21. Opportunities for 3 rd world Countries An alternative bank of World Bank and IMF. A bank for the emerging economies. Sustainable development: meet the needs of millions (poor). South-South cooperation: by south for the south. Easy balance of payment.

22. NDB and BANGLADESH Finance Minister take decision to join NDB. Prime Minister given consent for joining the NDB. ERD has sent letter to the Bangladesh ambassadors in the five BRICS countries. Decision of BRICS still pending.

23. Reasonable interest rates. Favorable conditionality. Equal power of all founding member countries. Absence of partiality. Encouraging and supporting for Green project. Easy balance of payment. Differences of NDB from World Bank & IMF

24. Challenges of NDB Political conflict among BRICS states. Rule of CHINA. Popularity of World Bank and IMF. Asian Development Bank. Asian Infrastructure Investment Bank.

25. References www.ndbrics.org www.rt.com www.bbc.co.uk www.hindustantimes.com www.economictimes.com The Daily Star The Financial Express timesofindia.indiatimes.com www.countryeconomy.com www.bonikbarta.com www.venturesafrica.com africabusinessmagazine.com www.prothom-ato.com www.wikipedia.com