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Sustainable Development and New Development Bank BRICS: Analysis and Perspectives

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  • Alexandr Svetlicinii

Abstract

The New Development Bank (NDB), founded by the BRICS countries in 2014, can become a leading player in the field of international development cooperation. The organizational policy and strategic goals of the NDB highlight the priority of investing in infrastructure, transport and energy sectors, which implies a significant impact of these projects not only on the environment, but also on the economic and social wellbeing of the local population in beneficiary countries and regions. The article is aimed at developing a deeper understanding of the NDBs approach to the concept of "sustainable development" reflected in international documents, including the Sustainable Development Goals (SDGs) formulated by the United Nations (UN) in 2015. The article provides the analysis of the environmental and social policy of the NDB and considers the reflection of this policy in the implementation of the investment projects and strategies. As a result, the assessment of the quality and possible consequences of the planned investments will help to determine the approach of the NDB to sustainable development.

Suggested Citation

  • Alexandr Svetlicinii, 2018. "Sustainable Development and New Development Bank BRICS: Analysis and Perspectives," Public administration issues, Higher School of Economics, issue 1, pages 68-88.
    • Handle: RePEc:nos:vgmu00:2018:i:1:p:68-88
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    References listed on IDEAS

    as
    1. Patrick Bond, 2016. "BRICS banking and the debate over sub-imperialism," Third World Quarterly, Taylor & Francis Journals, vol. 37(4), pages 611-629, April.
    2. Gregory T. Chin, 2014. "The BRICS-led Development Bank: Purpose and Politics beyond the G20," Global Policy, London School of Economics and Political Science, vol. 5(3), pages 366-373, September.
    3. Patrick Bond, 2013. "Sub-imperialism as Lubricant of Neoliberalism: South African ‘deputy sheriff’ duty within," Third World Quarterly, Taylor & Francis Journals, vol. 34(2), pages 251-270.
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