BRICS New Development Bank: From Private to Public

... wealth funds, which they frequently invest in developed countries, thereby strangulating financing into the national economy. The BRICS New Development Bank, which was officially launched at the July 2015 BRICS Summit in Ufa, has been tasked with resolving ... ... 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 ...