A new development bank to be created by the ‘Rising Powers’ of Brazil, Russia, India, China and South Africa (BRICS) is intended to promote greater cooperation between developing countries, and address what is seen by many as a history of misguidance and underinvestment by the World Bank and the International Monetary Fund (IMF).
This briefing seeks to address some of the questions that remain about the establishment of the BRICS bank and its potential impact on future development cooperation.
It was produced as part of the Rising Powers in International Development programme.
