NDB Archives - Centre for Financial Accountability

A Decade On, Communities Still Have No Way to Hold the BRICS Bank Accountable

The Delhi Declaration does not recognises the need for independent accountability mechanism at the New Development Bank...

Article

The Missing BRIC(S)

The 18th BRICS Summit hosted under the presidency of India on September 12 & 13 is happening at a time when the ...

BRICS FM EditS General International Finance

Article

Can the BRICS Bank Really Deliver What the Global South Needs?

As the New Development Bank expands its role as the ‘BRICS Bank’, there are questions whether it can offer...

BRICS Coverage General International Finance

Article

Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank

The report, Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank,...

BRICS General International Finance Publications

Article

Press Release: A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress

A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress No independent acco...

General Press Releases

Article

Too Many BRICS, Not Enough Cement

With India slated to take over the presidency once again in 2026, the question is, would India use the opportunity to ...

BRICS Coverage General International Finance

Article

Infrastructure Projects in India: The Landscape of Financiers

This mapping document looks at infrastructure sector in India, its basic concepts, estimates by the Government of I...

Asian Development Bank Asian Infrastructure Investment Bank External Commercial Agreements Infrastructure Finance New Development Bank Publications World Bank

Article

Briefing Note: MDBs Behind IL&FS: A Case of Bloodied Hands

Hailed as the Pioneer of Public-Private Partnerships [PPP] in India, ILFS is supposedly an early example of Private sect...

Infrastructure Finance International Finance Publications

Article

Solidarity Statement from India on the NDB’s Fourth AGM

Solidarity Statement from India At People’s Dialogue, Cape Town on 31 March 2019 In response to BRICS-led New Developmen...

New Development Bank Statements

Article

Break the BRICS! Break it from the Below!

The 10th BRICS (Brazil, Russia, India, China and South Africa) Summit was held in Sandton Convention Centre, Johannesbur...

Blog

September 22, 2026

Anuradha Munshi

A Decade On, Communities Still Have No Way to Hold the BRICS Bank Accountable

The Delhi Declaration does not recognises the need for independent accountability mechanism at the New Development Bank floated by the BRICS nations over a decade ago. The New Development Bank, sometimes called BRICS bank. Photo: By Bb3015/Wikimedia Commons, CC BY-SA 4.0 The BRICS summit has wr...

BRICS Coverage International Finance

Article

September 16, 2026

CFA

The Missing BRIC(S)

The 18th BRICS Summit hosted under the presidency of India on September 12 & 13 is happening at a time when the world is passing through geo political instability. In their responses to Trump’s tariff regime, genocide in Palestine or the attacks by Israel and US on Iran – a member of the blo...

BRICS FM EditS General International Finance

Article

September 16, 2026

The Wire

Can the BRICS Bank Really Deliver What the Global South Needs?

As the New Development Bank expands its role as the ‘BRICS Bank’, there are questions whether it can offer a model of development and climate finance that serves the Global South’s interests. External Affairs Minister S Jaishankar, Commerce and Industry Minister Piyush Goyal ...

BRICS Coverage General International Finance

Article

September 30, 2026

Anuradha Munshi, Ivirah Agarwal, Ramananda Wangkheirakpam and Donald Takkhell

Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank

The report, Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank, examines the gap between the NDB’s stated commitments to sustainable development and the safeguards, transparency and accountability mechanisms available in practice. A central co...

BRICS General International Finance Publications

Article

September 16, 2026

CFA

Press Release: A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress

A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress No independent accountability mechanism, a disclosure policy still labeled “interim” after nearly ten years, and case studies from India and other BRICS countries show the cost of those g...

General Press Releases

Article

July 7, 2025

Asmi Sharma & Joe Athialy

Too Many BRICS, Not Enough Cement

With India slated to take over the presidency once again in 2026, the question is, would India use the opportunity to address key issues or would it again, as seen during the G20 presidency, use the opportunity for another political spectacle, photo-ops and glitter. Leaders of the expanded BRICS g...

BRICS Coverage General International Finance

Article

July 14, 2021

Gaurav Dwivedi

Infrastructure Projects in India: The Landscape of Financiers

This mapping document looks at infrastructure sector in India, its basic concepts, estimates by the Government of India, the World Bank (WB), Asian Development Bank (ADB), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB) and others regarding the funds require...

Asian Development Bank Asian Infrastructure Investment Bank External Commercial Agreements Infrastructure Finance New Development Bank Publications World Bank

Article

July 11, 2019

Tani Alex

Briefing Note: MDBs Behind IL&FS: A Case of Bloodied Hands

Hailed as the Pioneer of Public-Private Partnerships [PPP] in India, ILFS is supposedly an early example of Private sector role and commitment towards infrastructure development in India. Their Infrastructure Projects include Roads, Water, Power, Ports, Area Development and Environmental and Social ...

Infrastructure Finance International Finance Publications

Article

March 30, 2019

CFA Admin

Solidarity Statement from India on the NDB’s Fourth AGM

Solidarity Statement from India At People’s Dialogue, Cape Town on 31 March 2019 In response to BRICS-led New Development Bank’s 4th Annual General Meeting in South Africa The BRICS led NDB (New Development Bank) is being promoted as an institution that serves as developing economies’ healthy and es...

New Development Bank Statements

Article

September 26, 2018

Himshi Singh

Break the BRICS! Break it from the Below!

The 10th BRICS (Brazil, Russia, India, China and South Africa) Summit was held in Sandton Convention Centre, Johannesburg, South Africa from 25-27 July 2018. Set up in 2009, in the aftermath of the 2008 global financial crisis, with four countries and then expanded to South Africa in 2010, the emerg...

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NDB

A Decade On, Communities Still Have No Way to Hold the BRICS Bank Accountable

The Missing BRIC(S)

Can the BRICS Bank Really Deliver What the Global South Needs?

Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank

Press Release: A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress

Too Many BRICS, Not Enough Cement

Infrastructure Projects in India: The Landscape of Financiers

Briefing Note: MDBs Behind IL&FS: A Case of Bloodied Hands

Solidarity Statement from India on the NDB’s Fourth AGM

Break the BRICS! Break it from the Below!

A Decade On, Communities Still Have No Way to Hold the BRICS Bank Accountable

The Missing BRIC(S)

Can the BRICS Bank Really Deliver What the Global South Needs?

Beyond the Promises: A Decade of Environmental and Social Commitments at the New Development Bank

Press Release: A Decade On, the New Development Bank (BRICS Bank) Still Leaves Affected Communities Without Redress

Too Many BRICS, Not Enough Cement

Infrastructure Projects in India: The Landscape of Financiers

Briefing Note: MDBs Behind IL&FS: A Case of Bloodied Hands

Solidarity Statement from India on the NDB’s Fourth AGM

Break the BRICS! Break it from the Below!