EQ2 New development bank

Question 1

Who founded the NDB and when?

Answer 1

Established by the BRICS in July 2015

NDB stands for New Development Bank.

Question 2

What is the role of the NDB?

Answer 2

Prioritize infrastructure and sustainable development projects that propel economic growth and improve the lives of people in their member countries.

Question 3

What are the focus areas of the NDB?

Answer 3

• Clean energy and energy efficiency: firm commitment to sustainability
• Water and sanitation: reduce vulnerability and exposure to water-related diseases.

Question 4

Who are the current members of the NDB?

Answer 4

• BRICS
• Bangladesh
• Egypt

Question 5

Outline some of the outcomes of the NDB.

Answer 5

Infrastructure investments: The NDB has successfully invested in various infrastructure projects in BRICS countries.

Question 6

How much financing has been approved in US dollars?

Answer 6

$32.8 billion dollars for 100 projects approved.

Question 7

True or False: The NDB is hosted by developed economies.

Answer 7

False

Question 8

Fill in the blank: The NDB will depend on resources and they need enough money to keep and eventually _______ the bank.

Answer 8

expand

Question 9

What is a criticism of the NDB?

Answer 9

The NDB may find it difficult to secure sufficient resources due to being hosted by emerging economies.