Unit 4 - New Development Bank - Global Organisations

Question 1

Which countries established the New Development Bank?

Answer 1

• the BRICS states
• Brazil
• Russia
• India
• China
• South Africa

Question 2

Where is the New Development Bank headquartered?

Answer 2

• Shanghai, China

Question 3

What is the New Development Bank?

Answer 3

• multilateral development bank

Question 4

What does the New Development Bank support?

Answer 4

• the bank supports public or private projects through loans, guarantees, equity participation and other financial instruments

Question 5

What does the New Development Bank plan to prioritise?

Answer 5

• planning to give a priority to projects aimed at developing renewable energy sources

Question 6

What is the New Development Bank centred around?

Answer 6

• centred around maximising the impact of development in a fast, flexible and efficient manner

Question 7

How much money has the New Development Bank already given to its member states?

Answer 7

• has already given $1.5 billion in loans to member countries with strong emphasis on renewable energy