Why the New Development Bank should have a Gender Policy

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It is becoming widely recognised that gender equality is an imperative for sustainable and inclusive growth. Goal 5 of the Sustainable Development Goals (SDGs) mandates governments, international organisations, and other stakeholders to ensure women’s rights and gender equality, and aims to end all forms of discrimination against all women and girls everywhere.

In this context, this policy brief by the BRICS Feminist Watch (BFW) talks about the need for the newly set up BRICS bank or New Development Bank (NDB) to adopt a gender policy.

The BFW encourages NDB to follow the route adopted by other multilateral development banks such as Asian Development Bank in adopting a strong and credible gender policy, and go even further by formulating operationalisation mechanisms. As NDB shares its vision with the BRICS forum of a just and equal world; this publication recommends that NDB’s policy highlights women as empowered decision-makers and engines of growth, rather than a vulnerable population in need of protection.

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