New Development Bank - updates

Rappler's latest stories on New Development Bank

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World powers 'misuse' World Bank, IMF – BRICS bank exec

Oct 06, 2016 - 4:40 PM

The BRICS would not have gone so far as to create their own development bank if they were fully satisfied with the existing institutions says Paulo Nogueira Batista vice president and chief risk officer at the New Development Bank

This IMF handout photo shows International Monetary Fund Managing Director Christine Lagarde (C) joins John Chambers (R), Chairman of the Board, Cisco Systems; Leila Janah (2nd R) Founder and CEO of Sama and Laxmi; Ray Kurzweil (2nd L), author, inventor and futurist and Hilda Moraa (L), Founder, Weza Tele and Fintech as they talk at a Seminar on Technology, Innovation, and Inclusive Growth at the 2016 IMF/World Bank Annual Meetings October 5, 2016 at the IMF Atrium Headquarters in Washington, DC. / AFP PHOTO / IMF / STEPHEN JAFFE / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / IMF/STEPHEN JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

New $100B BRICS bank opens in China to challenge US-led lenders

Jul 21, 2015 - 10:49 AM

UPDATED The BRICS New Development Bank has been seen as a challenge to the Washington based International Monetary Fund and World Bank

Chinese president wields economic might on LatAm tour

Jul 24, 2014 - 10:14 AM

Analysts say Xi Jinping s trip was more about business than ideology

CHARM OFFENSIVE. Chinese President Xi Jinping speaks after being decorated with the Order of Jose Marti at Revolution Palace in Havana, Cuba, 22 July 2014. Liu Bin/Pool/EPA

China's Xi hails 'new horizons' in ties with Argentina

Jul 20, 2014 - 4:41 PM

Xi is on a Latin American charm offensive to secure bilateral trade deals – particularly coveted raw materials – from governments throughout the region

A TOAST TO BILATERAL TIES. Argentina President Cristina Fernandez de Kirchner (L) and Chinese President Xi Jinping (R) toast during a dinner at the Casa Rosada presidential residence in Buenos Aires, Argentina, 18 July 2014. Image courtesy Argentinian President's office

BRICS shake up global economic architecture

Jul 20, 2014 - 1:33 PM

The mere creation of the two BRICS institutions sends a strong signal to Western powers where some doubt the ability of the five powerhouses to surmount their individual needs and ambitions

TOP OF THE BRICS. Russian President Vladimir Putin (L), Indian Prime Minister Narendra Modi (2-L), Brazil's President Dilma Rousseff (C), Chinese President Xi Jinping (2-R) and South African President Jacob Zuma (R) pose for a picture during the 6th BRICS summit in the city of Fortaleza, Brazil, 15 July 2014. Mikhail Klimentyev/RIA Novosti/Kremilin Pool/EPA

BRICS meet South American leaders after bank deal

Jul 17, 2014 - 7:45 AM

BRICS leaders justifies the creation of a development bank seen as an alternative to Western dominated global financial organizations

FORTALEZA SUMMIT. Leaders of the BRICS and UNASUR blocs during the BRICS summit in Fortaleza, Brazil, 16 July 2014. Image courtesy Casa Rosada/Argentina president's office

BRICS create development bank, 'mini-IMF'

Jul 16, 2014 - 10:04 AM

The leaders of Brazil Russia India China and South Africa agreed to launch the institutions to finance infrastructure projects and head off future economic crises

TOP OF THE BRICS. Russian President Vladimir Putin (L), Indian Prime Minister Narendra Modi (2-L), Brazil's President Dilma Rousseff (C), Chinese President Xi Jinping (2-R) and South African President Jacob Zuma (R) pose for a picture during the 6th BRICS summit in the city of Fortaleza, Brazil, 15 July 2014. Mikhail Klimentyev/RIA Novosti/Kremilin Pool/EPA