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Zorluk: OrtaInternational Relations, Global Summits, and Multilateral Organizations

Consider the following statements regarding the New Development Bank (NDB):

1. The agreement establishing the bank was signed during the 6th BRICS Summit held in Fortaleza, Brazil.
2. The headquarters of the bank is located in Shanghai, China.
3. Membership in the bank is strictly restricted to the five founding member countries of BRICS.

Which of the statements given above are correct?

  1. 1 and 2 onlyCevap
  2. B
    2 and 3 only
  3. C
    1 and 3 only
  4. D
    1, 2, and 3

Cevap

Statements 1 and 2 are correct, while Statement 3 is incorrect because membership in the New Development Bank is open to any member state of the United Nations.
The option stating '1 and 2 only' is correct. The NDB was formally established during the Fortaleza Summit in 2014, and its permanent headquarters was located in Shanghai. Membership is not restricted solely to founding BRICS nations; it is open to all United Nations member countries.

Adım Adım Çözüm

1
Evaluate Statement 1 regarding NDB's founding declaration and summit location.
Statement 1 is correct. The agreement establishing the New Development Bank (NDB) was signed by BRICS leaders at the 6th BRICS Summit in Fortaleza, Brazil, in July 2014.
Verifying historical summit origins of multilateral institutions.
2
Evaluate Statement 2 regarding NDB's official headquarters.
Statement 2 is correct. The NDB is headquartered in Shanghai, China.
Confirming institutional secretariat/headquarters locations.
3
Evaluate Statement 3 regarding NDB's membership eligibility criteria.
Statement 3 is incorrect. According to the NDB Articles of Agreement, membership is open to any member of the United Nations. Countries such as Bangladesh, the United Arab Emirates, and Egypt have already been admitted as NDB members.
Determining structural membership criteria for global financial institutions.

Anahtar Kavram

Founding treaty, headquarters, and membership architecture of the New Development Bank (NDB)
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Konular

International Relations, Global Summits, and Multilateral Organizations