CONECTAS：NDB : Overview of the first year 2016-7-26
Another criticism of the organizations was the lack of definition of what the bank considers to be “sustainable development” - a concept that underpins all its actions. According to Borges, “without a clear meaning, the term could be used to justify almost any project, even ones that are controversial from the standpoint of sustainability, such as hydroelectric dams”.
Rights in Development: BRICS New Development Bank 2016-7-22
The international agreement establishing the NDB states that the bank must be transparent in its activities and that rules will be drafted on access to information. As of yet, the NDB has not formulated any social or environmental safeguards, transparency requirements, or accountability mechanisms.
Will national parliaments and civil society have the opportunity to participate in an open and transparent discussion of how their countries will engage with the NDB, what type of development their financing will support, and how?
TASS: BRICS New Development Bank to finance $2.5-3 bln worth projects in 2017 2016-7-17
“We believe that by the end of the year our loan book in terms of loan approvals, should be about $1,5 bln," Kamath said. "Next year, with a gradual approach, we would increase our capital and have a potential to do, possibly, another $2.5-3 bln," the NDB Chief added.
Devex：Maasdorp on BRICS bank's 'openness' and unique place in the MDB world 2016-7-4
[Another] aspect of what we set out to do was to focus on sustainable infrastructure, meaning we’ll [have] a big focus on the green aspect. Many of our economies are energy intensive—carbon intensive — energy systems; China, in particular, India [and] South Africa. So we want to play a leading role in helping and aiding the transition toward a green economy.
ADB: The shift from social development to infrastructure 2016-7-1
But for infrastructure investments to have lasting value, all stakeholders in infrastructure programs must take to heart the priority for climate mitigation and adaptation. The crucial question is how official and private financing can make infrastructure climate-harmonic. Here are seven ways to do it, as seen from Asia’s experience.
The Interpreter: The AIIB and NDB BRICS enter a new phase 2016-4-28
In contrast, the Shanghai-based NDB is eager to promote itself as an independent friend, rather than a member of the family. Philosophically, it wants to be smaller, faster and more agile, with shorter (six months) loan approval processes and lighter procedures. It will leave environmental and social safeguards to projects' host jurisdictions (at this stage, this means BRICS countries).
Devex：Civil society calls for safeguards as BRICS bank approves first loans 2016-4-18
civil society groups say the establishment, launch and operations of the Shanghai-based financial institution have been opaque. Although basic documents of the bank has been publicly available through its website, other key policies — and the way they were crafted — remain unclear.