Remaining Tough Task for BRICS Development Bank

A new Bank is added to the lexicon of world development finance. Rather than welcoming it, the merchants of poverty eradication engage in propagating its unbecoming. A completely one sided views are floating since the announcement of BRICS New Development Bank adopted in Brazil during BRICS Sixth Summit. It is a shocker to the world even after month-long soccer carnival. The question remains that weather BRIC's New Development Bank (NDB) would be able to deliver as its founding members aspire?

 

AVILASH ROUL