Construction Of The BRICS Development Bank’s Internal Governance Structure

The complete recovery of world economy remaining uncertain when the financial crisishit in2008. However,among the emerging markets，notably the BRICS,communications andcooperations became increasingly frequent.Its status in the world economy is irsing.Under theabove background，BRICS Development Bank is planned to set up.One of the result of iffthmeeting of the leaders of the BRICS countires is that Business Council for BRICS and BRICSDevelopment Bank are decided to found.The establishment of BRICS Development Bankhighlights the political position of BRICS on the International community and shows irse ofemerging market economy countries when play an important role in pushing the improvementof the governance structures of the world and the International ifnancial system in thste21century.Therefore,the construction of BRICS Development Bank becomes an importantresearch topic under the above background.The constructions of inner administration structureis the key and chief task in the establishment of BRICS Development Bank.Unfortunately?Scholarsat home and abroad have not spent much academic energy on it.This essay studies inneradministration structure of BRICS Development Bank in order to lay theoretical foundationfor the effective operation of the bank.Apart from the introduction and conclusion,the main content consists of ifve parts.The ifrst part is about the establishment of authority and operating mechanism of BRICSDevelopment Bank.It studies the name，power，members and operating mechanism of themain Multilateral Development Banks(MDB) in the world.lt points out that there existssimilarities and differences on the above aspects among the main MDB.Then it suggests thatthe name of BRICS Development Bank authority could be Board of Governors andcomprehensively constructs the power,members and operating mechanism.The second part is about the establishment of executive agency and operating mechanismof BRICS Development Bank.It studies the name,power，members and operating mechanismof the main Multilateral Development Banks(MDB) in the world.lt points out that there existssimilairties and differences on the above aspects among the main MDB.Then it suggests that the name of BRICS Development Bank executive agency could be Board of Directors andcomprehensively constructs the power,members and operating mechanism.The third part is about the establishment of supervision agency and operating mechanismof BRICS Development Bank.lt studies the name，power，members and operating mechanismof the company.lt points out that although there is no special supervision organizationestablished,it plays an important role in the effective operation of MDB.Then it suggests thatthe name of BRICS Development Bank supervision agency could be the Board of supervisorsand comprehensively constructs the power,members and operating mechanism.The fouth part is about the construction of coordination mechanism of BRICSDevelopment Bank institutions.lt studies the coordination mechanism of authoirty，executiveagency and supervision agency of joint-stock company.lt points out that for BRICSDevelopment Bank,it si necessary to set up the coordination mechanism.Then it suggests thatthe supreme status of the authority should be defined and strike a balance between executiveagency and supervision agency.The iftfh part is about the recommendation for inner administration structure of BRICSDevelopment Bank.It puts forward the speciifc constructive scheme.