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Trade-offs for the BRICS Bank Integration into the international financial architecture

22 March 2016
12:30 - 13:30

Speakers:
Prof. Ronney Ncwadi, Faculty of Business and Economic Sciences, Nelson Mandela Metropolitan University  and Tafadzwa Ruzive, an MCom postgraduate student

Date:  22 March 2016
Time:
12:30  – 13:30
Venue:    VCRs, Pretoria, Cape Town, Durban

The HSRC seminar series is funded by the Department of Science and Technology (DST). The views and opinions expressed therein as well as findings and statements of the seminar series do not necessarily represent the views of DST.

In all the BRIC/S Joint Statements and Declarations since 2009 the member states have emphasised two interrelated positions:

  • The centrality of the United Nations in International Relations with particular emphasis on multilateralism in decision making; and
  • The need for a democratic and just world order based on the rule of international law, equality, mutual respect, cooperation, coordinated action and collective decision-making of all states. 

The involvement of international organisations and private stakeholders may enable large capital infusion at times of contingency as well as provide specific experience and expertise for NDB’s operations. It is going to be crucial to engage stakeholders who hold compatible ideological views as far as the development mandate for the bank and its methods and terms of providing finance is concerned. The bank needs partners in two main areas, namely expertise, experience and sources of finance. These aspects must be fleshed out for the NDB to be able to provide the requisite financing towards achieving core objectives.

This paper relies on stakeholder theory to identify institutional stakeholders and set out parameters for the management of their relationships concerning the involvement with raising financial resources for the bank. What the exercise found is that to achieve its mandated core activities, the bank will have to make decisions requiring trading off the terms of its financing sources against the needs of its ambitious developmental and sustainable projects in emerging economies.

The seminar may be attended in Pretoria, Cape Town or Durban

KINDLY RSVP BY 21 MARCH 2016

Cape Town : HSRC, 12th Floor, Plein Park Building (Opposite Revenue Office), Plein Street, Cape Town. Contact Jean Witten, Tel (021) 4668004,
Fax (021) 461 0299, or JWitten@hsrc.ac.za or Estelle Krishnan ekrishnan@hsrc.ac.za or Tel: 021 4668070

Durban :  The Atrium, 5th Floor, 430 Peter Mokaba Ridge, Berea, 4001 , Contact Ridhwaan Khan, Tel (031) 242 5400, cell: 083 788 2786 or RKhan@hsrc.ac.za or Hlengiwe Zulu at e-mail HZulu@hsrc.ac.za;

Pretoria : HSRC Video Conference, 1st floor HSRC Library Human Sciences Research Council, 134 Pretorius Street, Pretoria. Arlene Grossberg, Tel: (012) 302 2811, e-mail: acgrossberg@hsrc.ac.za