Yesterday, July 15, during the 6th Summit of the BRICs countries, held in Fortaleza - Ceará, the presidents of Brazil, Russia, India, China and South Africa - countries that make up the bloc - signed an agreement to create the New Development Bank (NBD), which aims to fund infrastructure and sustainable development projects of member countries and other emerging nations. According to the researcher in the Applied Economics area of the Brazilian Institute of Economics (FGV/IBRE), Lia Valls, the creation of the database will decrease the high deficit of infrastructure investments in the poorest countries, in addition to allowing more favorable conditions and require less conditions of technical character than other development institutions, such as the World Bank, for example. Several studies show that the improvement of infrastructure (transport, sanitation, urban infrastructure, among others) has an important and positive impact on economic growth. In addition, the bank will be an important instrument for the consolidation of the block as a stimulation instrument of South-South trade, said the specialist in international economics. Regarding the possible performance outcomes of the bank for Brazil, Lia pointed out that it can help attract investment to the South American region and African countries - locations where the country has economic interests. In Brazil, we have an important Development Bank (BNDES) with an expansive budget, but that can only work on projects involving Brazilian companies. This limits the performance of the country in the territories of economic partners, he says.The database will be created with an initial capital of USD 50 billion, and it may expand resources to USD 100 billion. At first, each member must contribute USD 10 billion.Check out other reviews on IBRE's website.