"Conscience-Keeping" for a Multilateral Development Bank – Abhimanyu Ghosh, New Development Bank
24 min

Established in 2014, the New Development Bank was set up by China and the four other BRICS countries to finance infrastructure and sustainable development projects in the BRICS and other emerging economies. Abhimanyu Ghosh discusses his role at the bank, the bank’s rapid response to COVID-19, setting environmental and social standards for their loans, as well as how working for a multilateral development bank is different from working for a law firm. 

Abhimanyu Ghosh is Senior Counsel at the NDB, based at the bank’s headquarters in Shanghai. The NDB in-house legal team was the winner of the In-House Team of the Year International at the recent 2020 China Law and Practice Awards.

Today’s episode is the second part of a two-part special looking at the work of two leading in-house counsel in China who have been influential in helping their organizations navigate a fairly historic and unprecedented past year. Click here to listen to the previous episode with Myra Gao, head of legal at Danfoss China.

The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at vchow@alm.com with any feedback and ideas for future episodes.

Disclaimer: Abhimanyu Ghosh was speaking in a personal capacity and his view are not necessarily those of the New Development Bank

Episode Outline

  • 01:40 What the NDB does and role of Senior Counsel
  • 05:30 How the legal team divides work across different jurisdictions
  • 07:08 Keeping work in-house versus seeking external help
  • 09:30 Adhering to NDB's Articles of Agreement
  • 12:28: Privileges and immunities of multilateral development banks
  • 16:24 Maintaining environmental and social sustainability standards

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