The head of the “Financial and Investment Cooperation” working group of the BRICS–Russia Expert Council presented recommendations to improve the preparation of project documentation for obtaining financing from the BRICS New Development Bank. These proposals include the following:
Potential investment projects in Iran should fully or partially comply with the financing guiding principles of the BRICS New Development Bank.
Digital and social infrastructure, as well as environmental protection, are priority sectors for initial projects in Iran, as these areas are among the six key operational sectors identified by the BRICS New Development Bank through 2026.
To accelerate the preparation of investment projects, it is recommended that Iran establish an office for the BRICS New Development Bank in the country upon joining. The presence of specialized banking professionals would speed up the assessment of investment opportunities.
Establishing a dedicated fund could help address potential institutional capacity challenges at the early stage of cooperation with the bank and engage experienced advisors to ensure smooth implementation of investment projects.
Encouraging domestic companies to actively participate in the BRICS New Development Bank’s financing processes—rather than relying on foreign suppliers for equipment—would provide greater advantages for Iran.
Signing a partnership agreement between the National Development Bank of Iran and the BRICS New Development Bank could strengthen joint investment projects.
