explaining basic terms what is bricsbank

1. BRICS BANK
Presented by:
• Koushik Y
• Kirti Sharma
• Jimesh Mehta
• Jitendra Purohit
• Khyati Jain
• Rishikesh Jhella

2. What is BRICS?
 BRICS stands for BRAZIL, RUSSIA, INDIA, CHINA, SOUTH
AFRICA.
 It came into existence in the year 2001 and incorporated
in the year 2009.
 BRICS is the internal political organization of leading
emerging economics. Its members are leading
industrialized countries.

3. OBJECTIVES
 Its main objective are to corporate between the member
nations for development, provide financial assistance,
support various projects, infrastructure, etc.
 The BRICS group acts as a bridge between developed and
developing countries. They are attempting to promote the
liberalization of the international economic order.
 The BRICS group also plays an increasingly important role in
assisting developing countries in gaining an advantage in
trait and climate change negotiation.

4. COUNTRIES IN BRICS

5. BRAZIL:
ADVANTAGES
 One of the fastest growing economy in last century.
 Its economy becoming less dependent on exports.
 Extremely rich in resources such as coffee, sugarcane,
iron and crude oil.
CHALLENGES
 Overburdened and ineffective judicial system.
 Industrial output is weak.

6. RUSSIA:
ADVANTAGES
 It has capability in high technology sectors.
 It accounts for around 20% of the world’s oil and gas
reserves.
 People living under poverty line are decreasing.
CHALLENGES
 Labor shortages and poorly developed infrastructure.
 High in corruption.

7. INDIA:
ADVANTAGES
 1.32 billion people
 2nd largest labor force in the world.
 Ever growing consumer market in INDIA.
CHALLENGES
 Slow grown in economy.
 Large number of people under below poverty line.
 Gradual disappearance of many natural resources, the
pollution of land, water and air.

8. CHINA:
ADVANTAGES
 Broad expansion of educational achievement.
 Rapid economic growth.
 3rd largest country in land size.
CHALLENGES
 Bank of CHINA sees inflation as a bigger risk.
 Need to improve the investments.

9. SOUTH AFRICA:
ADVANTAGES
 Its economy is now the 23rd largest in the world.
 Inflation is now below and falling.
 25% of the goods produced are for export.
CHALLENGES
 The economy is growing but not fast enough.
 Lack of skills, particularly in IT.
 48% of the population is living below the poverty line.

10. FROM “BRIC” TO “BRICS”
 The BRIC became a mechanism through which the
countries can exchange opinions, seek convergence,
identify areas of co-operation and influence the
international agenda.
 SOUTH AFRICA was asked to join the BRIC group of major
emerging markets.
 SOUTH AFRICA stands at a unique position to influence
African economic growth and investment.
 With the entrance of SOUTH AFRICA, at the 3rd BRICS
SUMMIT, in April 2011, the “BRIC” became “BRICS”.

11. Sr no Date Host
country
Host Leader Location
1 16 jun 2009 Russia Dmitry Medvedev Yekaterinburg
2 15 apr 2010 Brazil Luiz Inácio Lula da Silva Brasília
3 14 apr 2011 China Hu Jintao Sanya
4 29 mar 2012 India Manmohan Singh New Delhi
5 26-27 mar 2013 South Africa Jacob Zuma Durban
6 14-17 july 2014 Brazil Dilma Rousseff Fortaleza
7 8-9 july 2015 Russia Vladimir Putin Ufa (Congress Hall)
8 15-16 oct 2016 India Narendra Modi Benaulim
9 3-5 sep 2017 China Xi Jinping Xiamen
10 2018 South Africa Jacob Zuma
BRICS SUMMITS:

12. BRICS BANK
 It is also known as NEW DEVELOPMENT BANK.
 Formed on July 2014 and came into force in July 2015.
 Earlier also known as “BRICS Development Bank”.
 Its Headquarter is in SHANGAI (CHINA).
 K.V.KAMATH is the 1st chairperson of the Bank.
 The NDB was formed as counterbalance to Western-led financial
institutions like the World Bank and the IMF by providing
funding for infrastructure and development projects in BRICS
countries.
 Unlike World Bank each nation will have an equal vote in the
bank’s management, regardless of GDP size.

13. RECENT INFORMATION ABOUT BRICS BANK
 BRICS BANK approves 1st loans, $811 Million green energy.
 BRICS BANK agree on local currency lending.
 INDIA will guide the BRICS BANK with $50 Billion the
finance “inclusive and responsive” needs of particularly
emerging economies.
 NDB plans to reach the target $2.5 Billion of loan
commitments by the end of 2017.

14. FUTURE PROSPECTS OF BRICS BANK
 BRICS BANK plans to raise between $250 Million and $500
Million in masala bonds.
 BRICS BANK aims to make $4 Billion in loans in 2018.
 BRICS bank is trying to obtain an international credit
rating and expand its membership beyond BRICS countries.
 BRICS BANK plans to issue rupee, yuan bonds this year:
K.V.KAMATH

15. REFERENCE
 www.ndtv.com
 www.indianexpress.com
 www.moneycontrol.com
 www.youtube.com
 www.brics2017.org
 www.wikipeida.com
 www.slideshare.com

16. Questions