4 min read.Updated: 07 Apr 2014, 06:42 PM ISTRathin Roy
India could benefit from a BRICS bank governance structure that is conducive to other developing countries
Recent official discussions on the Brazil, Russia, India, China, South Africa or BRICS Development Bank (BDB) have revolved round the location of its headquarters and its voting and governance structure. In India, there has been very little public policy discussion around the strategic imperatives that should inform India’s position on these issues. At the political level, too, engagement on the issue of mandate has been very limited in all BRICS countries.