Dr Avilash Roul has an op/ed piece in the "Eastern Chronicle" Dailly on BRICS Development Bank.

April 18, 2013

The acceptance of feasibility of BRICS Development Bank at recently concluded Fifth BRICS Summit at Durban has sent a shivering effect on a certain section who criticise the very idea. A close observation of such concerted criticism can be grouped as who believes in 'status quo' since 1944- the establishment of the Siamese twins as International Bank for Reconstruction and Development (IBRD/World Bank) and International Monetary Fund (IMF) followed by regional institutions like Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB) and Inter-American Development Bank (IDB). Ideally, the BRICS Development Bank (BDB) is a 'paradigm shift' against existing handful of 'developmental-knowledge brokers', claim to eradicate poverty.

See Attachment for Original published article (Full Text)

BricsBank-EasternChronicle.pdf

Source: Eastern Chronicle (April 18, 2013)
Tags: India, China, BRICS, Brazil, ADB