//
you're reading...
Institution-specific

BRICS’ New Development Bank and human rights: new era or more of the same?

The recent constitution of a new Multilateral Development Bank (MDB) by the BRICS’ countries, the New Development Bank (NBD), is widely recognized as a landmark event that has the potential to alter the landscape of development finance. The coming into life of another MDB founded by a group of emerging powers, and not by the “West”, has spurred a laudable debate on what exactly constitutes the “new” and the “old” in the realm of development finance.

This new arrival has prompted an array of questions, such as: With the NDB as a player, what changes will occur in the modus operandi of the pre-existing web of development finance institutions and their norms? Will the NDB serve as a catalyst for a more democratic world financial order? If so, was the NDB designed in such a way that will make this aspiration possible?

This article by Laura Trajber Waisbich and Caio Borges, from Brazilian-based organization Conectas, tries to address these and related issues: will the NDB be an impediment or a catalyst for a more inclusive, human-centered and democratic development process? What are the possibilities of adopting a “rights-based” approach by the NDB or, less ambitiously, the mainstreaming of human rights into its policies and practices?

Read full article.

 

Discussion

Comments are closed.

August 2017
M T W T F S S
« Feb    
 123456
78910111213
14151617181920
21222324252627
28293031  

authors

part: [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] [ 7 ] [ 8 ] [ 9 ] [ 10 ] [ 11 ] [ 12 ] [ 13 ] [ 14 ] [ 15 ] [ 16 ] [ 17 ] [ 18 ] [ 19 ] [ 20 ] [ 21 ] [ 22 ] [ 23 ] [ 24 ] [ 25 ] [ 26 ] [ 27 ] [ 28 ] [ 29 ] [ 30 ] [ 31 ] [ 32 ] [ 33 ] [ 34 ] [ 35 ] [ 36 ] [ 37 ] [ 38 ] [ 39 ] [ 40 ] [ 41 ] [ 42 ] [ 43 ] [ 44 ] [ 45 ] [ 46 ]