The announced winners of the first stage of the Global Awards “Angel for Sustainable Development” #SDGAction40297 are posted on the official website of the UN SDG Action Campaign, established by the Secretary General of the United Nations, in order to stimulate the achievement of the Sustainable Development Goals.

On July 15th leaders of the BRICS nations agreed to establish a New Development Bank (NDB) while attending the group summit in Fortaleza, Brazil. This announcement has caused extraordinary attention all around the world, marking the undeniable significance for the future development of the BRICS, as well as the entire foundation of the international financial institutions. Naturally, the NDB creation initiative has prompted optimistic feedback as well as raised questions and skepticism. WEJ has invited two renowned experts to explain the meaning of the BRICS New Development Bank announcement and attempt to predict what this initiative might bring to global financial and economic development.