In the journey towards gender equality and justice, recent decades have seen strides made, yet the road ahead remains treacherous. In the race to achieve the Sustainable Development Goals (SDGs) by 2030, attention is turning to the role that over five hundred public development banks worldwide could play.
The Role of the New Development Bank in Monitoring Project Impacts on Communities
The
15th BRICS Summit held in Johannesburg, South Africa this month has once again put the spotlight on the
Lesotho Highlands Water Project (LHWP) as a shining example of multilateralism and the
New Development Bank’s (NDB)commitment to financing sustainable development projects within BRICS countries and other developing countries. During the 2023 BRICS Summit, the New Development Bank and the Trans-Caledon Tunnel Authority (TCTA) signed a 3.2 billion Rands loan agreement for the implementation of Phase Two of the Lesotho Highlands Water Project (LHWP) in Lesotho. This funding complements contributions by other financiers, notably the
African Development Bank (AfDB) and the
Development Bank of Southern Africa (DBSA).