Articulating a Vision for a Progressive BRICS Development Bank

February 1, 2014

This ICRIER report tries to propose a vision for a progressive BRICS Development Bank based on case studies of two regional development banks—the Asian Development Bank (ADB) and the Development Bank of Latin America (CAF)—as well as semi-structured expert interviews. The report discusses some of the challenges that the BRICS will have to effectively address as well as details they would have to meticulously and mutually negotiate because these would determine whether the proposed bank remains a proposal or becomes a thriving reality.