In-House Insights: The New Development Bank – Abhimanyu Ghosh, Senior Counsel

Nov 5, 2020
| By Vincent Chow
Established in 2014, the New Development Bank was set up by China and the four other BRICS countries (Brazil, Russia, India and South Africa) to finance infrastructure and sustainable development projects in the BRICS and other emerging economies. As of July 2020, the NDB has approved loans of $18.6 billion. Abhimanyu Ghosh, Senior Counsel at the NDB based in the bank’s headquarters in Shanghai, discusses his role at the bank, the bank’s rapid response to COVID-19, setting environmental and social terms for their loans, as well as how working for a multilateral development bank is different from working for a law firm. The in-house legal team at the NDB was the winner of the In-House Team of the Year International at the recent 2020 China Law and Practice Awards.

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                                            September 2017: the Ground Breaking Ceremony for the NDB Permanent Headquarters Building held in Shanghai

Disclaimer: Abhimanyu Ghosh was speaking in a personal capacity and his views are not necessarily those of the New Development Bank

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