#BRICS – New Development Bank (NDB)

[egnaroo]

2030 Changing World order with New Development Bank and BRICS, how will new world will be like

2030 Changing World order with New Development Bank and BRICS, how will new world will be like

New Development Bank was previously known as the BRICS Development bank. The bank was established as a multilateral cooperation bank by BRICS nations. The NDB’s main objective is to help private-public projects and operations by giving loans, guarantees, and equity to member nations. Further, they will coordinate with international organizations and provide finance and technical assistance for…

[haqiqaglobalbusiness]

Ethiopia Participating in BRICS Population Matters Meeting

This is a meeting of officials and experts from the BRICS countries (Brazil, Russia, India, China and South Africa) to discuss and cooperate on population-related issues of mutual concern. Ethiopia is participating in this meeting as an observer, along with other new members of BRICS.The meeting is taking place in Durban, South Africa, from September 12 to 15, 2023. The purpose of the meeting is…

[allthebrazilianpolitics]

Brazil secures $10 bln from banks for South American integration projects

Brazil's government has spearheaded an effort to raise $10 billion from multilateral and development banks to fund infrastructure projects to advance South American integration, seeking enhanced trade and reduced transportation time to Asia.

Brazilian development bank BNDES is expected to allocate $3 billion within this effort, primarily for funding projects that Brazilian states and municipalities propose to connect to this network, the Planning Ministry said on Tuesday.

Simultaneously, the Inter-American Development Bank (IDB) will contribute $3.4 billion, the Development Bank of Latin America (CAF) will provide $3 billion, and regional fund Fonplata will give $600 million for funding countries in the region.

"We want other banks to join later, such as the World Bank and the New Development Bank (NDB) of the BRICS," said Planning Minister Simone Tebet.

Continue reading.

[naturalrights-retard]

by Pepe Escobar

The war on Syria has vanished from the collective West ethos. Yet it’s far from finished. Multitudes across the Global Majority may feel the deepest empathy towards Syrians while acknowledging not much can be done while the Western Minority refuses to leave the stage.

In parallel, there are slim chances the New Development Bank (NDB) – the BRICS bank – will start showering Damascus with loans for Syria's reconstruction. At least not yet, despite all the pledges by Russians and Chinese to help.   

Under the lame excuse of “degrading the position for ISIS,” the US State Department de facto admits that the Empire’s illegal occupation of a third of Syria - the part rich in oil and minerals currently being stolen/smuggled – will persist, indefinitely.

Cue to virtually non-stop oil looting in northeastern Hasakah province, as in processions of dozens of oil tankers crossing to northern Iraq via the al-Waleed or al-Mahmoudiya border crossing, usually escorted by US-backed Kurdish separatist militias. 

As if any reminding was needed, the Global Majority is fully aware ISIS is essentially an American black op, a spin-off of al-Qaeda in Iraq, born in camps at the Iraq-Kuwaiti border. The Syrian “Democratic” Forces (SDF) is hardly a democratic US proxy, predictably assembled as a “coalition” of ethnic militias, mostly run by Kurds but also incorporating a few Arab tribesmen, Turkmen, and Salafi-jihadi Chechens. 

As if the non-stop looting of oil was not enough, the Pentagon keeps dispatching truckloads of ammo and logistical equipment to Hasakah. 

[lesfrancophiles]

BRICS+

Pourquoi s'y intéresser?

Ce sont des changements qui se passent aujourd'hui, avec des conséquences potentielles pour nous et nos enfants.

Utilisons plusieurs sources différentes pour rechercher la matière à fond. Les BRICS+ sont un groupe de neuf pays qui se réunissent en sommets annuels : Brésil, Russie, Inde, Chine, Afrique du Sud, Égypte, Émirats arabes unis, Éthiopie et Iran. ...(Wikipedia)

BRICS: Ils "veulent renverser" l'occident ... (vidéo)

BRICS+: visions et défis (opportunities and challenges)

"regelbasierte Weltordnung" (ordre global fondé sur des règles); ... voici un article critique

Unipolarité - multipolarité

Pays du Sud

Le Groupe des sept - G7

Les G20

Aide au développement (Wikip.)

...

Les motifs de l'aide au développement, notamment dans le cas de l'APD, sont souvent politiques. Ils peuvent être philosophiques, humanistes ou religieux. La forme que prend l'aide au développement révèle aussi la vision du développement que se fait celui qui aide.

...

Aux États-Unis, l'USAID est l'agence chargée de l'aide au développement. Cette agence est controversée en raison de sa participation à des actions de déstabilisation contre des gouvernements en mésentente avec le gouvernement américain.

...

Plan Marshall et al, en français Wiki

L'Hégémonie occidentale

Droit international / Droit de l'homme

DDFC

OTAN

ONU

UE

FMI

BM

NBD Nouvelle Banque de Développement 

New Development Bank BRICS, BRICS NDB

La Banque est configurée pour favoriser une plus grande coopération financière et de développement entre les pays émergents. Elle a son siège à Shanghai en Chine.

BCE

Conseil européen

Parlement européen

OMC (WHO, WTO) Organisation mondiale de commerce

OMS (-, WHO) Organisation mondiale de la santé

la Russie

CEI La Communauté des États indépendants

la Chine

l'Inde f

le Brésil

l'Afrique du Sud f

l'Éthiopie f

l'Arabie Saoudite f

les Émirats arabes unis m

... Südwind setzt sich für die Verringerung der Kluft zwischen Nord und Süd ein ...

Nouvelle-Calédonie

Archipel des Chagos, étude de "médiation culturelle"

L'instabilité dans le monde

L'économétrie

[chriswick47]

BRICS Economic AScendancy: A Closer Look

[ocombatenterondonia]

BNDES: infraestrutura sustentável e mudança climática terão R$ 8,5 bi

O Banco Nacional de Desenvolvimento Econômico e Social (BNDES) terá US$ 1,7 bilhão, o equivalente a cerca de R$ 8,5 bilhões, para investir em projetos de infraestrutura sustentável e de mitigação e adaptação às mudanças do clima. Os recursos são de empréstimos feitos junto ao New Development Bank (NDB), conhecido como Banco do Brics, cujos contratos de captação foram assinados nesta quarta-feira…

[ailtrahq]

The BRICS alliance is advancing to dethrone the US dollar and put their respective local currencies forward for global trade. BRICS is finding ways to abandon the USD by 2026, confirmed the New Development Bank (NDB). There are high chance that the bloc of 11 nations will minimize paying in the greenback to strengthen their local currencies. In this article, we will highlight how BRICS getting rid of the dollar will impact their native economies. BRICS: Will Ending Dependency on The US Dollar Hurt the Alliance? Source: Economictimes.com / Getty Images If BRICS cuts ties with the US dollar, the native economies of these countries face the risk of losing investors’ confidence. The USD is a stable and reliable currency and institutional and foreign investors might stop investing in BRICS markets. The development could lead to a dry in foreign cash flow making their native economies face severe challenges. The USD is the most widely used currency and ending reliance on the greenback could prove BRICS costly. In addition, BRICS countries will also have limited access to the dollar markets including government bonds and loans. A non-dollar-denominated financial market is yet to be a reality as the global sector is connected to the USD. Untangling the existing and closely-knit global order will only reduce the economies of the BRICS countries. Also, their local currencies are yet to make a mark in the international markets. The majority of countries might never keep their local currencies as reserves as they stand no chance to compete against the USD. The exchange rates will also turn costly making BRICS find it hard to sustain their local currencies. In conclusion, BRICS countries could suffer losses if they completely abandon the US dollar for global trade. It could potentially affect their trade balances, investment flows, and the overall economic stability of their respective countries.

[premiumgoldira]

Could western Dominance end because of BRICS

The talks of de-dollarization has dominated majority part of 2023. In March this year (2023), deputy chairman of State Duma of Russia said that his country was in the process of spearheading the creation of a new currency that would be used for cross-border trading by members of BRICS. These are Russia, Brazil, India, South Africa and China – in no particular order. This and many other developments being witnessed across BRICS members, complicate the idea that the reign of the dollar will continue being stable in the decades to come.

Although there still practical doubts about its viability, many experts believe that BRICS-issued currency would represent a formation of new union comprising budding discontents who collectively outweigh the entire G-7 put together on the scale of GDP.

What is the evolution of BRICS?           

The BRICS group, as mentioned above, is an acronym that represents five major emerging economies: Brazil, Russia, India, China, and South Africa. The BRICS nations are known for their growing economic influence, large populations, and significant natural resources. The evolution of BRICS can be understood in several phases:

Formation and Early Years (2001-2006)

The term "BRIC" is believed to have been first invented by economist Jim O'Neill in 2001 to describe the embryonic economic dynamos of Brazil, Russia, India, and China.

The concept gained traction as these countries exhibited strong economic growth, increased trade, and growing global influence.

First BRIC Summit (2009)

In 2009, the first BRIC summit was held in Yekaterinburg, Russia. This marked the official beginning of the formal grouping.

The leaders of the four countries discussed ways to enhance cooperation and coordination on various global issues.

Inclusion of South Africa (2010)

In 2010, South Africa was invited to join the BRIC group, expanding it to BRICS.

South Africa's inclusion was somewhat surprising, given its smaller economy compared to the original four members. However, it was seen as representing the African continent's interests and potential.

Summits and Institutionalization (2011-2014)

Annual BRICS summits were held, allowing leaders to discuss economic, political, and global issues.

The group sought to create institutions that could counterbalance the influence of Western-dominated institutions like the International Monetary Fund (IMF) and the World Bank.

The Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) were established by the BRICS leaders in 2014 in order to stabilize member nations' currencies amid financial crises and finance infrastructure projects.

Economic Challenges (2015-2022)

BRICS faced economic challenges during this period. China's growth began to slow down, Russia faced economic sanctions due to its actions in Ukraine, and Brazil and South Africa experienced political and economic turbulence.

Despite these challenges, the BRICS leaders continued to emphasize the potential of the group to reshape the global economic landscape.

Geopolitical Alignment and Cooperation (2023-Present)

The COVID-19 pandemic highlighted the importance of cooperation among nations. BRICS members collaborated on sharing information, medical supplies, and strategies to combat the pandemic.

The group has continued discussions on economic recovery, climate change, technology, and other global challenges.

BRICS nations have also been exploring ways to enhance trade and investment among themselves, reducing dependence on traditional Western markets.

The evolution of BRICS has been marked by its members' attempts to leverage their combined economic strength to exert more influence on the global stage.

While each member has its unique challenges and priorities, the group's cooperation reflects the changing dynamics of the global economy and the desire of these emerging economies to play a more significant role in shaping international policies and institutions.

What are the key agendas of the BRICS summit 2023?

One of the key issues in the mind and mouth of keen observers is the recruitment of new members to the BRICs. The current group could represent more than 40% of the entire global population and over 30% of its gross domestic product (GDP) by 2035. As a result, a lot of sovereign states are enthusiastic about establishing themselves for a dollar-free future.

But existing members need to first iron out some of the differences they have with each other and forge a framework and criteria for welcoming new members. One aim of this group is the quest to use cooperation to reshape both global economic and political architecture for their benefit, and this is expected to take a center-stage during the forthcoming summit.

Another speculated agenda of the BRICS summit 2023 is launch of a common currency backed by gold. Talk of creating a new BRICS coin backed by precious metal to reduce the dominance of the US dollar has been gaining momentum in recent months as leaders from the block’s nations gear up for the August’s summit in South Africa. With Washington freezing roughly $300 billion of foreign currency reserves belonging to Russia, it is no secret that BRICS nation will be looking to swiftly diversify from the US dollar.

The last day of the 2-day summit is expected to center around talks with leaders from nations deemed as “friends of BRICS”. The bloc extended invitation to over 60 leaders across Asia, Latin America, Caribbean, and Africa. Particularly, the talk will focus on enhancing BRICS relationship with African nations.

What challenges do the group face?

The BRICS) faces several challenges that can impact their individual economies and collective efforts. These challenges arise from diverse economic, political, social, and geopolitical factors. Some of the key challenges include:

Divergent Economic Development

While all BRICS countries are classified as emerging economies, they have varying levels of development and economic structures. China has become the economic powerhouse of the group, while others like Brazil and South Africa face challenges related to income inequality, unemployment, and poverty.

Economic Slowdown and Structural Reforms

Many BRICS nations have experienced periods of economic slowdown. China's economic growth has moderated, leading to concerns about its potential impact on global growth. To maintain growth rates and adjust to shifting global economic conditions, structural reforms are required.

Political and Governance Challenges

Some BRICS countries face internal political challenges that can affect stability and policy continuity. Issues such as corruption, political polarization, and governance inefficiencies can hinder long-term development.

Geopolitical Tensions

Geopolitical tensions and rivalries among BRICS members can complicate their cooperation. For instance, border disputes between China and India, as well as global issues like Russia's actions in Ukraine, can strain relations and impact collaborative efforts.

Trade Imbalances

Trade imbalances exist within the BRICS group, with some members running large trade surpluses and others facing deficits. This can lead to economic vulnerabilities and potential disagreements over trade policies.

Infrastructure and Development Gaps

While BRICS members have made progress in infrastructure development, there are still significant gaps, especially in regions with lower economic development. These gaps can hinder regional integration and connectivity.

Social and Environmental Challenges

Social inequality, poverty, and environmental issues are prevalent in some BRICS countries. Balancing economic growth with sustainable development and social welfare remains a challenge.

Global Economic Uncertainty

The global economic environment, including factors like changes in interest rates, commodity prices, and global supply chain disruptions, can impact the economies of BRICS countries.

Technology and Innovation Gap

While countries like China and India are becoming tech powerhouses, others may struggle to keep up with rapid technological advancements. Bridging the technology gap and fostering innovation are important for staying competitive.

Coordination and Collective Decision-Making

With diverse interests and priorities, coordinating policies and making collective decisions can be complex. Finding common ground among members with different political systems and economic models can be challenging.

Despite these challenges, the BRICS group has demonstrated a commitment to cooperation and addressing shared concerns. But they will need to overcome these and many other challenges if they are to dethrone the West in terms of global political and economic influence.

Should the West worry about the BRICS summit?

Recent events – Russia invasion of Ukraine, China’s success in brokering a diplomatic rapprochement between Saudi Arabia and Iran, and the meeting between Xi Jinping and Vladimir Putin in Moscow – have fueled renew murmurs about threats to the United States’ global primacy and mainly to the dollar. 

But perceived threats to the US dollar’s role in the international financial system is nothing new. There have been constant instances since the 1980s but nothing yielded a significant effort. But what makes BRICS currency different is the possibility that China may dispose the United States as the largest economy in the world in the near future. As a result, the dollar status will be questioned, the same as how sterling pound was called into question in the early twentieth century after the United Kingdom ceased to be the largest economy in the world.

In conclusion

The prospect of Western dominance ending at the BRICS Summit embodies a complex and multifaceted shift in global dynamics. As the BRICS nations—Brazil, Russia, India, China, and South Africa—continue to assert their economic prowess, geopolitical influence, and collaborative potential, the traditional power dynamics may undergo transformation. While concerns about economic competition, alternative institutions, and strategic rivalries exist, it is essential to approach these shifts with a balanced perspective.

Read more about the impact of BRICS on global economy on our blog Premium Gold IRA Investing

[crimechannels]

By • Olalekan Fagbade "Tinubu deserves commendations for shunning BRICS"   The Director General of Voice of Nigeria, (VON) Osita Okechukwu on Sunday gave kudos to President Bola Tinubu for rejecting the country from joining the BRICS economic group. The founding member of the ruling All Progressives Congress (APC) said the president deserves the commendation of all Nigerians for not applying to join the emergent grouping. At the 15th BRICS Summit in South Africa, the bloc admitted Argentina, Egypt, Saudi Arabia, UAE among other intending developing countries into its folds, thus fuelling speculations that Nigeria’s application was rejected for not meeting some crucial membership criteria. But, in a statement made available to newsmen on, Sunday in Abuja, Okechukwu, declared that Nigeria is better off maintaining her decades-old diplomatic standpoint as a non-aligned. He noted that he was thrilled when the Vice President, Senator Kashim Shettima, recently cleared the air and said, “So far, we have not applied for the membership of BRICS. And it is majorly informed by the fact that my principal, President Bola Ahmed Tinubu is a true democrat that believes in consensus building.” The APC Chieftain argued that Nigeria is better maintaining her age-long diplomatic policy and standpoint. He added: “Whereas one has nothing against Brazil, Russia, India, China nor our brothers South Africa that make up the BRICS; however Nigeria stands to benefit hugely if we maintain our age-old standpoint of multilateral diplomacy.” He pointed out the worldview origin of BRICS, saying, “records have it that to spur economic development outside the Breton wood system, the BRICS, a bloc comprising Brazil, Russia, India, China and later South Africa, was formed. Ironically, the acronym was coined in 2001 by Goldman Sachs and 2006, the bank opened an equity fund for investors in the BRICS. The group had since established New Development Bank (NDB).”   On the proposal that Nigeria’s membership of BRICS has economic growth as the main goal, Okechukwu argued that whilst economic growth is important, it should not be at the expense of Nigeria’s cherished freedom and rule of law, which the leadership of the bloc abhors.   “Whilst one agrees that BRICS may engender economic growth; however neither the West nor Russia or China is Father Xmas, therefore our destiny is in our hands. And most importantly we cannot gloss over our cherished freedom and rule of law which maybe in jeopardy in the BRICS alliance. Otherwise, at the last count, the New Development Bank (NDB), a multilateral lending institution set up in 2014, based in Shanghai, had $25bn in recorded assets in 2022, less than a tenth of the World Bank’s total,and not much economic growth was stimulated, Okechukwu explained. Accordingly, he appealed to President Tinubu to maintain Nigeria’s multilateral diplomatic strategy; which allows Nigeria today and in the future to operate and relate freely with all blocs and ultimately guide jealousy our national interest. #BRICS #Tinubu

[gerdfeed]

In 2009 [the BRICS] started meeting regularly and trying to think about how to create their own economic institutions — a New Development Bank to compete with the World Bank, a Contingent Reserve Arrangement to lend each other money in times of currency crisis (something the IMF usually does), a system of submarine fiber-optic cables, and so on. This, too, did not end up working out. The New Development Bank has disbursed almost no loan money at all, causing Jim O’Neill to declare it a disappointment. When Russia invaded Ukraine in 2022, the NDB cut ties with it. The Contingent Reserve Arrangement has done basically nothing, and the BRICS Cable never happened.

BRICS is fake

[allthebrazilianpolitics]

Lula visits BRICS development bank and Huawei's tech center

Brazilian President Lula da Silva on Thursday in Shanghai visited the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center. At the NDB, Lula met with NDB President Dilma Rousseff, and delivered a speech to the staff. It was the first time that a head of state had paid a visit to the bank.

“The decision to create the NDB was a milestone in the joint action of emerging countries... The creation of this bank showed that the union of emerging countries is capable of generating relevant social and economic changes for the world,” Lula tweeted in Portuguese.

For the first time, a development bank with global reach was established without the participation of developed countries in its initial phase. It was free, therefore, from the shackles of conditionality imposed by traditional institutions on emerging economies, he noted.

“The dream of creating the BRICS was to have a development instrument, which will certainly be strong, from the perspective of benefiting the countries,” Lula noted.

Continue reading.

[mark4five]

BRICS summit 2023 agenda: What major issues will likely be discussed?