SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY
https://doi.org/10.21686/2413-2829-2015-2-148-156
Abstract
The article deals with complex analysis of pre-conditions of setting-up and basic lines of credit and investment policy of the New Bank of Development in BRICS. By comparing the New Bank of Development with other Banks of Development it was shown that it is going to be independent from G7 countries and act as an alternative international institution of development. In the long-run it can compete with the Group of World Bank. The author comes to the conclusion that Russia's participation in the New Bank could be a favourable factor for raising international investment for Russian projects and could foster economic relations with China.
About the Author
Vladimir V. Klishin
Institute for African Studies of the Russian Academy of Sciences
Russian Federation
Russian Federation
PhD, Intern The Institute for African Studies (IAS)
30/1 Spiridonovka str., Moscow, 123001, Russian Federation
References
1. Kontseptsiya uchastiya Rossiyskoy Federatsii v ob#edinenii BRIKS [Concept of Association of the Russian Federation in BRICS]. Approved by the President of the Russian Federation 09.02.2013. (In Russ.). Available at: http://www.kremlin.ru/news/17715
2. Novoe napravlenie rossiyskoy vneshney i vneshneekonomicheskoy politiki – vzaimodeystvie v BRIKS [The New Direction of Russian Foreign Policy and Foreign Trade – Cooperation in BRICS], ed. S. P. Glinkina. Moscow, Institut ekonomiki RAN, 2014. (In Russ.).
Review
For citations:
Klishin V.V. SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY. Vestnik of the Plekhanov Russian University of Economics. 2015;(2):148-156. (In Russ.) https://doi.org/10.21686/2413-2829-2015-2-148-156
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