BRICS New Development Bank: From Private to Public

... Development Bank (BNDES) provides support for Latin American and Caribbean countries; the development banks of China and India mainly work with their close neighbours in Asia; the Russian Federation concentrates its efforts on the CIS countries; and South Africa works with the Southern African Development Community. Current practices of implementing economic development programmes, including International Development Assistance (IDA) programmes, as well as approaches to the activities of national development banks, served as a determining factor in the creation of the BRICS Development Bank. The contribution of the BRICS countries to the development of the poorest countries is ...