Rising Powers in International Development
Published By: Institute of Development Studies | Published Date: February, 01 , 2015The setting up of the New Development Bank was first suggested by India in early 2012 in order to fund its domestic energy and infrastructure needs, namely power transmission, 11 roads and ports. Finally, the objectives of the bank were agreed as (i) providing emergency funding at the time of global economic turbulence and (ii) ending or marginalising Western dominance. After initial enthusiasm about the creation of the bank, a number of issues revealed the differences between and different interests of countries in the group.
Author(s): Stephen Spratt, Barbara Barone | Posted on: Jan 22, 2016 | Views()