New Development Bank Poised to Help the Marginalized

It has been less than six years since the so-called BRIC nations – Brazil, Russia, India and China – held their first formal summit and five since they admitted South Africa to their exclusive club of ambitious and dynamic emerging economies, now known as the BRICS.

BRICS leaders recently launched the world's newest bank: the New Development Bank (NDB), which will use its US$ 100 billion in initial capital to fund infrastructure and sustainable development projects both at home and overseas.