BRICS+ South-South development cooperation via the New Development Bank (NDB)
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Keywords
BRICS, South-South cooperation, New Development Bank
Abstract
This paper analyses the role of the New Development Bank (NDB) in BRICS+ development cooperation, with a focus on sustainable infrastructure investment. As one of BRICS’ first financial institutions, the NDB seeks to reform global financial governance while balancing national priorities. Through an empirical review of financial statements, strategic documents and project data, the study evaluates the bank’s claims of originality. The findings highlight its role in South-South cooperation and ecological transitions, addressing the core question: What is truly “new” in the New Development Bank?
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João Pedro Braga, University College London
João Pedro Braga is a PhD candidate at the Institute for Innovation and Public Purpose (IIPP). A Brazilian economist deeply committed to the field of sustainable development, João also holds a Master's degree in Economic Policies for the Global Transition (EPOG+) and has garnered more than two years of work experience in development finance in Brazil. João has recently joined University College London (UCL) to pursue a PhD at the Institute for Innovation and Public Purpose (IIPP) under the guidance of Dr. Carolina Alves and Dr. Josh Ryan-Collins. His research centres on addressing global disparities within the context of the climate crisis. Specifically, his PhD work revolves around the imperative of financing a 'just transition' in Brazil’s Amazon Rainforest, aligning closely with IIPP's mission to redefine the practice of public value and the global effort to achieve the sustainable development goals (SDGs).
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