a new multilateral bank, a key milestone of the cooperation among emerging economies and developing countries. that is by five emerging economies(Brazil, Russia, India, China and South Africa), to an alternative to the World Bank and IMF. And their aim is to provide help for sustainable development projects.
It shows the Working, Functions and Members of BRICS, objectives, important Summit, effects, advantages, disadvantages, financial Contribution and The BRICS Bank.
It shows the Working, Functions and Members of BRICS, objectives, important Summit, effects, advantages, disadvantages, financial Contribution and The BRICS Bank.
Introduction to IMF, The Bretton Woods Agreement, Objectives of IMF, Functions of IMF, Members of IMF, Governance and Organizational Structure of IMF, Resources of Funds, Application of Funds by IMF, Advantages to India from IMF.
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and
Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
The IMF is accountable to the governments of its member countries. At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country.
The Board of Governors meets once each year at the IMF-World Bank Annual Meetings.
Twenty-four of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice each year.
The IMF's day-to-day work is overseen by its 24-member Executive Board, which represents the entire membership, this work is guided by the IMFC and supported by the IMF staff.
The Managing Director is the head of the IMF staff and Chairman of the Executive Board and is assisted by four Deputy Managing Directors.
Introduction to IMF, The Bretton Woods Agreement, Objectives of IMF, Functions of IMF, Members of IMF, Governance and Organizational Structure of IMF, Resources of Funds, Application of Funds by IMF, Advantages to India from IMF.
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and
Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
The IMF is accountable to the governments of its member countries. At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country.
The Board of Governors meets once each year at the IMF-World Bank Annual Meetings.
Twenty-four of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice each year.
The IMF's day-to-day work is overseen by its 24-member Executive Board, which represents the entire membership, this work is guided by the IMFC and supported by the IMF staff.
The Managing Director is the head of the IMF staff and Chairman of the Executive Board and is assisted by four Deputy Managing Directors.
The Asian region has experienced the emergence of new MDBs over last few years. For many years, the Asian Development Bank was the only development bank in the region and has been dominated by the Japanese owing to the number of votes it has as compared to other members. However, the newly constituted NDB in 2014 has two key Asian members, India and China. The Asian Infrastructure Investment Bank (AIIB) led and initiated by China in 2015, and with a mandate to have at minimum 70% of shares allocated to Asian countries is sure to become another major player to support infrastructure development activities of the region as well as global south. The AIIB and NDB are two separate entities in their operations and constitution even though there are overlaps in memberships of the two banks.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
Role of IMF & World Bank & New Development BankAshwani Singh
This presentation talks about major functions of IMF, World Bank and the latest addition in International Banking 'NDB' (BRICS bank). Criticism faced by IMF and WB, Areas these banks basically work in.
Institutions of Economic Policy Seminar was held at Corvinus University of Budapest on 30 April 2019. The convener of the seminar was Péter Ákos Bod, the former governor of the Hungarian National Bank (1991-1994).
What can be the impacts of the BRICS new financial institutions?Jimmy Huang
Introduction: The diversity of sources of international development finance has increased dramatically in recent years
Part1: BRICS group signed to create two new financial institutions during the sixth BRICS summit in Brazil in 2014
- New Development Bank (NDB)
- Contingency Reserve Arrangement (CRA)
Part2: China leverages its influence and capitalizes on emerging and developing countries with new financial institutions
- AIIB and Silk Road Fund co-finance One Belt One Road (OBOR)
- AIIB provides an addition to reduce infrastructure-funding gap in Asia
Wrap-up: Understand features of the new development finance institutions and roles of regional finance
BRICS For India, Agendas, Importance for India, BRICS country comparison, Population, Employment, Development, Foreign Direct Investment, Import & Export, Gross Domestic Production
Similar to Bricks bank or new development bank (20)
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Chapter 3 - Islamic Banking Products and Services.pptx
Bricks bank or new development bank
1.
2. To know about structure and function of NDB.
To know about the context of the formation of
NDB.
To analyze the prospects and challenges of NDB.
3. Formation: 15 July, 2014
Type : International Financial Institution
Headquarters: Shanghai, China
Membership: Brazil, Russia, India, China,
South Africa
Logo of NDB
President of NDB
(K. V. KAMATH)
4. Discriminatory attitude of World Bank and IMF.
Weighted voting system.
Dominance of America in IMF and World Bank.
Less voting power of China, Russia and India.
Huge conditions of World Bank and IMF.
5. Characteristics of World Bank
& IMF
Strict
Conditionality
Domination
Political
Instability
Privatization
High Interest
Rate
6. Duopoly System of World Bank & IMF
Focus on competition and market forces.
One size fits all.
Takes away political autonomy.
Increase the value of dollar.
Focus on privatization.
9. New Development Bank is a multilateral
development bank referred as BRICS Bank.
A way of the cooperation among emerging
economies and developing countries.
Alternative to the existing American and
European dominated World Bank and IMF.
10. Global-south cooperation
Equal say in decision-making
Account for 43% of the world population over 3 million
Combined nominal GDP of USD 16.039 trillion
USD 4 trillion in combined foreign reserves
11. Investment in infrastructure development
projects.
Sustainable development projects
Move away from a long-standing dependence on
IMF and World Bank.
Improve and complement the global financial
system.
12. Resource mobilization.
Establish an extensive network of global
partnerships.
Innovative approaches.
Simple governance.
13. 2009, June
• First formal meeting
• Yekaterinburg, Russia.
2010, December
• South Africa joined in BRICS
• 2nd summit, Brasilia.
2012, March
• 4th BRICS summit (the idea of NDB)
• Delhi
14. 2013, March
• 5th BRICS summit, Durban.
• Agreed to set up NDB
2014, July
• 6th BRICS summit, Fortaleza, Brazil.
• Signed the agreement on NDB; Headquarter:
Shanghai; Total capital: $100 billion
2015, May
• Kundapur Vaman Kamath, appointed
as the President of NDB
15. The member shall be opened to members
of UN according to the agreement of the
NDB
The voting power is equal to its subscribed
shares
The president shall be elected from among
the founding members in rotational basis.
16. Board of Governors (1)
Board of Directors (1)
President (1)
Vice-Presidents (5)
17. China will contribute $41 billion
Brazil, Russia and India would
give $18 billion each and
South Africa would contribute
$5 billion.
18.
19. Support public or private projects through loans.
Guarantees for equity participation.
Better understanding of the borrower's mindset.
Cooperate with international organizations and
other financial entities.
Provide technical assistance for projects.
20. PROJECTS of NDB
Countries Projects Name Loan Amount
BRAZIL Renewable energy
project (wind, solar)
US$81 ml
RUSSIA Putin Pinghai Bay
Offshore Wind power
project
US$100 ml
INDIA Madhya Pradesh Road
project(1500km)
US$350 ml
CHINA Renewable energy
project (solar roof-top
PV)
US$81 ml
SOUTH AFRICA Renewable energy
(transmission)
US$180 ml
21. Prospects of NDB
Rise of South.
Alternative to World Bank and IMF.
Financial Inclusion.
Meet the need of more than 43% population of the
world.
Decrease the value of USD.
22. Opportunities for 3rd world
Countries
An alternative bank of World Bank and IMF.
A bank for the emerging economies.
Sustainable development: meet the needs of
millions (poor).
South-South cooperation: by south for the south.
Easy balance of payment.
23. NDB and BANGLADESH
Finance Minister take decision to join NDB.
Prime Minister given consent for joining the NDB.
ERD has sent letter to the Bangladesh
ambassadors in the five BRICS countries.
Decision of BRICS still pending.
24. Reasonable interest rates.
Favorable conditionality.
Equal power of all founding member countries.
Absence of partiality.
Encouraging and supporting for Green project.
Easy balance of payment.
Differences of NDB from
World Bank & IMF
25. Challenges of NDB
Political conflict among BRICS states.
Rule of CHINA.
Popularity of World Bank and IMF.
Asian Development Bank.
Asian Infrastructure Investment Bank.
