Dr Avilash Roul has an op/ed piece in the "Eastern Chronicle" Dailly on BRICS Development Bank.
The acceptance of feasibility of BRICS Development Bank at recently concluded Fifth BRICS Summit at Durban has sent a shivering effect on a certain section who criticise the very idea. A close observation of such concerted criticism can be grouped as who believes in 'status quo' since 1944- the establishment of the Siamese twins as International Bank for Reconstruction and Development (IBRD/World Bank) and International Monetary Fund (IMF) followed by regional institutions like Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB) and Inter-American Development Bank (IDB). Ideally, the BRICS Development Bank (BDB) is a 'paradigm shift' against existing handful of 'developmental-knowledge brokers', claim to eradicate poverty.
See Attachment for Original published article (Full Text)