Cite as https://mymun.com/ppdb/6136
World Bank HDMUN 2016 Country: Malaysia Delegate: Ferit Cihan Kasapoglu
Topic A: New Development Bank- New era?
In July 2015 the BRICS states (Brazil, Russia, India, China and South Africa) founded the New Development Bank as an alternative development bank parallel to the World Bank. According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank."
The delegation of Malaysia does not see the N...