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Tag: brics

New Development Bank must clarify its lending policies

Civil society organisations in Brazil are concerned at the New Development Bank’s use of impact monitoring mechanisms of its member countries

The NDB has still not clearly disclosed which projects will receive funding, much less held any public consultations with communities that may be impacted by them. There is low transparency and clarity on its social and environmental policies…Read More

BRICS bank will contribute to green development: CFO

Leslie Maasdorp, Vice-President and Chief Financial Officer of New Development Bank, discusses the bank’s strategy for staying green and its plans to expand investment in 2017

NDB is planning to approve more than 15 projects totalling USD 3 billion in 2017 in sectors including renewable energy, sustainable transport, water treatment, and urban development…Read More

BRICS face USD 51 billion annual shortfall for clean energy

BRICS countries need to increase investment in low carbon energy to meet climate targets, says think-tank

Financing clean energy infrastructure was high on the agenda at the BRICS Leaders’ Summit in Goa last month. But recent research has found the nations face a USD 51 billion annual funding shortfall to meet projected demand for new clean energy…Read More