Having grown increasingly disenchanted with their disproportionately low influence in established international institutions, China and its BRICS partners (Brazil, Russia, India and South Africa) have joined forces to better reflect their increased economic, political and diplomatic weight in global governance. The newly created US $100 billion Asian Infrastructure and Investment Bank (AIIB) and the US $50 billion New Development Bank (NDB) are designed to help address infrastructure underfunding, create new pathways to sustainable development, promote south-south cooperation.
This select roundtable, which will bring together representatives of the academic world, EU and international financial institutions, BRICS nations and other interested stakeholders will be organised around two complementary sessions:
Continuity, innovation and challenges
What is in it for Europe?
ECDPM’s James Mackie will act as a discussant.