Financial and Investment Mechanisms of Funds within the BRICS Framework

Overview

In the first part of his presentation titled “Financial and Investment Mechanisms of Funds,” Igor Pilipenko introduced multilateral development banks worldwide—institutions established to address existing inequalities in international trade.

Introduction to Multilateral Development Banks

He referenced a wide range of banks and multilateral financial institutions, including:

List of Banks and Financial Institutions

• International Bank for Reconstruction and Development (IBRD)
• International Monetary Fund (IMF)
• International Finance Corporation (IFC)
• International Development Association (IDA)
• European Investment Bank (EIB)
• Asian Development Bank (ADB)
• International Bank for Economic Cooperation
• International Investment Bank (IIB)
• Islamic Development Bank (IsDB)
• Nordic Investment Bank (NIB)
• European Bank for Reconstruction and Development (EBRD)
• Eurasian Development Bank (EDB)
• Eurasian Fund for Stabilization and Development (EFSD)
• Asian Infrastructure Investment Bank (AIIB)

The Role of These Institutions in BRICS Cooperation

Pilipenko emphasized that these banks not only play a key role in national development but also act as effective tools for reducing economic gaps and creating sustainable financial frameworks internationally. The financial and investment mechanisms employed by these institutions can serve as a model for future cooperation within the BRICS framework.