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Tag: new development bank

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

New Development Bank yet to find its green groove

Established to finance development projects in BRICS countries in an ecologically responsible manner, the New Development Bank needs to do more on transparency and disclosure to allay fears of stakeholders and civil society organisations

The bank is still struggling to find its feet in terms of its quality of capital, the green credentials of the projects it seeks to finance and…Read More