New Development Bank, Asian Infrastructure Investment Bank and other new creditors
New Development Bank, Asian Infrastructure Investment Bank and other new creditors CADTM.org
sdgtalks
New Development Bank, Asian Infrastructure Investment Bank and other new creditors
When:
February 17, 15:45 PM – 17:15 PM Nepali Time
Where:
World Social Forum Nepal, Kathmandu
The BRICS governments have promoted the New Development Bank (NDB) as an alternative to the World Bank by providing funding for infrastructure and development projects in BRICS countries. The Contingent Reserve Arrangement (CRA) has also been presented as an alternative to the International Monetary Fund (IMF). Additionally, the Asian Infrastructure Investment Bank (AIIB), based in Beijing, was established as a China-led alternative to the World Bank and other western-led “development banks.”
This session aims to analyze the role of these new international lenders and their significance in contemporary capitalism. It will explore whether these financial institutions genuinely offer an alternative to the IMF and World Bank.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 17: Partnerships for the Goals
The article discusses the role of new financial institutions, such as the New Development Bank (NDB), Asian Infrastructure Investment Bank (AIIB), and others, in providing funding for infrastructure and development projects. This aligns with SDG 9, which focuses on promoting sustainable industrialization, fostering innovation, and building resilient infrastructure. Additionally, the article mentions the role of these institutions as alternatives to the World Bank and International Monetary Fund, highlighting the importance of partnerships for achieving the Sustainable Development Goals (SDG 17).
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 9.1: Develop quality, reliable, sustainable, and resilient infrastructure
- SDG 9.3: Increase access to financial services and markets for all
- SDG 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation
The article highlights the role of new financial institutions in providing funding for infrastructure and development projects. This aligns with SDG 9.1, which aims to develop quality, reliable, sustainable, and resilient infrastructure. Additionally, the mention of these institutions as alternatives to traditional lenders implies a focus on increasing access to financial services and markets for all (SDG 9.3). Furthermore, the discussion of partnerships between these institutions and their role in contemporary capitalism relates to SDG 17.6, which promotes regional and international cooperation on science, technology, and innovation.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Investment in infrastructure projects
- Access to financial services and markets
- Cooperation on science, technology, and innovation
The article does not explicitly mention specific indicators to measure progress towards the identified targets. However, the indicators can be inferred based on the content. For SDG 9.1, investment in infrastructure projects can be used as an indicator. For SDG 9.3, access to financial services and markets can be measured. Lastly, for SDG 17.6, cooperation on science, technology, and innovation can be an indicator of progress.
4. Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | 9.1 Develop quality, reliable, sustainable, and resilient infrastructure | Investment in infrastructure projects |
| SDG 17: Partnerships for the Goals | 9.3 Increase access to financial services and markets for all | Access to financial services and markets |
| 17.6 Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation | Cooperation on science, technology, and innovation |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: cadtm.org
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