Name
Chernyshov Maksim Aleksandrovich
Scholastic degree
—
Academic rank
—
Honorary rank
—
Organization, job position
Kuban State Agrarian University
Web site url
—
Articles count: 1
This article discusses the formation of a new development
bank of BRICS. We have considered the background
of creation of the bank in this economic situation,
which are infrastructure problems of some country-member
and future founders. We reviewed the creation
of the bank, the official start of its work, financial
characteristics, pool of currency reserves, pool of
foreign exchange reserves, which has the functions and
short-terms perspective of bank in international scene.
We have reflected the existing difficulties, including a
lack of common borders among the participants and
the growing influence of China. We processed the
opinions of experts about an alternative to the New
Development Bank by Western financial institutions,
which show the interest of strengthening the political
component of the BRICS cooperation and the desire to
change the current situation. We have conducted a
comparative analysis of the New Development Bank
and other international organizations which can serve
to BRICS bank competitors such as the ADB, the IMF
and the World Bank. Here we talk about the advantages
and disadvantages of each organization. In
order to form and strengthen the potential of BRICS
we have presented several lines of activities. NDB
should support projects for economic growth and provide
for this purpose the long-term financing available,
which will ensure the stability of the infrastructure
projects of the Bank