Tag
New Development Bank
![Former Brazilian President Named As Head of China-Based New Development Bank Former Brazilian President Named As Head of China-Based New Development Bank](https://thediplomat.com/wp-content/uploads/2023/04/sizes/thumbnail/thediplomat_2023-04-06-054353.jpg)
Former Brazilian President Named As Head of China-Based New Development Bank
By Joseph Bouchard
The appointment reflects the close relationship between President Luiz Inácio Lula da Silva's Workers’ Party and the government in Beijing.
![Why the BRICS Grouping Is Here to Stay Why the BRICS Grouping Is Here to Stay](https://thediplomat.com/wp-content/uploads/2020/11/sizes/thumbnail/thediplomat-2020-11-19-9.jpg)
Why the BRICS Grouping Is Here to Stay
By Oliver Stuenkel
Western reactions to 12th BRICS Summit are largely dismissive, but critics overlook tangible benefits for member countries.
India: A Late-Bloomer, Not a Latecomer, in Global Economic Leadership
By Akshay Mathur
In recent years, India has elevated its commitments to multilateral economic institutions.
![Don't Forget About the New BRICS Bank Don't Forget About the New BRICS Bank](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-21_21-41-23.jpg)
Don't Forget About the New BRICS Bank
By Shannon Tiezzi
The New Development Bank, which opened today in Shanghai, has been overshadowed recently by the AIIB.
![China in BRICS: A Threat to US Power? China in BRICS: A Threat to US Power?](https://thediplomat.com/wp-content/uploads/2015/07/sizes/thumbnail/thediplomat_2015-07-11_12-55-34.jpg)
China in BRICS: A Threat to US Power?
By Sara Hsu
China's involvement in BRICS should be seen as a positive, not as a threat.
![Interview: Oliver Stuenkel Interview: Oliver Stuenkel](https://thediplomat.com/wp-content/uploads/2015/03/sizes/thumbnail/thediplomat_2015-03-17_06-20-58.jpg)
Interview: Oliver Stuenkel
By Justin McDonnell
Why the BRICS will remain an important force in world affairs in 2015 and beyond.
![India Needs More Than BRICS India Needs More Than BRICS](https://thediplomat.com/wp-content/uploads/2014/08/sizes/thumbnail/thediplomat_2014-08-01_14-04-00.jpg)
India Needs More Than BRICS
By Narain Batra
Their new bank notwithstanding, the BRICS grouping is unlikely to help the Indian economy fulfill its potential.
![The BRICS Bank and China’s Economic Statecraft The BRICS Bank and China’s Economic Statecraft](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-29_13-15-31.jpg)
The BRICS Bank and China’s Economic Statecraft
By George Yin
Can a China-dominated New Development Bank replace the World Bank and the IMF?
![BRICS Bank: The New Kid on the Block BRICS Bank: The New Kid on the Block](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-28_11-31-15.jpg)
BRICS Bank: The New Kid on the Block
By Unmesh Rajendran
Is this a new solution to an old problem?
![China’s New Global Institutions China’s New Global Institutions](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-25_04-59-54.jpg)
China’s New Global Institutions
By Steven Keithley
Beijing is seeking to shape international institutions to facilitate its emergence as a global power.
![3 Reasons the BRICS' New Development Bank Matters 3 Reasons the BRICS' New Development Bank Matters](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-21_21-41-23.jpg)
3 Reasons the BRICS' New Development Bank Matters
By Dingding Chen
This is just the beginning of a new international economic order; it will be a gradual, but steady process.
![BRICS Announce New Development Bank BRICS Announce New Development Bank](https://thediplomat.com/wp-content/uploads/2014/07/sizes/thumbnail/thediplomat_2014-07-16_16-40-17.jpg)
BRICS Announce New Development Bank
By Ankit Panda
The new bank will require a $10 billion commitment by each nation.
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