Group 1 - The BRICS summit in Rio de Janeiro marked the debut of the "11+10" BRICS family, with the New Development Bank welcoming Colombia and Uzbekistan as new members [1] - The New Development Bank, established in 2015, aims to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies [1][2] - The expansion of the New Development Bank reflects international trust in the BRICS cooperation mechanism and the growing appeal of a multilateral platform focused on sustainable development [1][2] Group 2 - Developing countries face significant funding challenges, with borrowing costs 2 to 4 times higher than those of developed nations [2] - As of 2024, the New Development Bank has approved 120 projects totaling $39 billion, addressing key areas such as transportation, clean energy, and social development [2] - Specific projects include urban railways in India and renewable energy initiatives in Brazil, demonstrating the bank's commitment to addressing the development needs of global South countries [2] Group 3 - The New Development Bank is focusing on emerging fields like digital economy, green economy, and artificial intelligence, with a significant emphasis on green investments [3] - By June 2024, the bank supported the addition of 2,000 MW of clean energy capacity, reducing CO2 emissions by approximately 13.6 million tons annually [3] - The bank operates on the principle of equality among member countries, with about 24% of its investments conducted in member currencies, enhancing financial resilience for emerging markets [3] Group 4 - China supports the New Development Bank's operations and focuses on green, innovative, and sustainable development projects [4] - The bank is entering a new phase of high-quality development, aiming to strengthen global South cooperation and contribute positively to global governance [4]
金砖国家新开发银行扩员彰显吸引力与感召力(观象台)
Ren Min Ri Bao·2025-07-09 19:45