New Development Bank

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/new-development-bank

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. How big is New Development Bank?Sustainable infrastructure and development projects, including renewable energy and social infrastructure
2. What is the date of establishment agreement?July 2014
3. What is the initial subscribed capital?US$50 billion, equally contributed by founding members
4. Who started the New Development Bank and when did it start working?The five countries signed a deal to create the bank in 2014, and it began working in 2015.
5. What kinds of projects does the New Development Bank help pay for?It helps pay for projects that are good for the planet and people, like renewable energy, clean water, roads, schools, hospitals, and computers.

Multipolar World Order: A global system where power is distributed among multiple major centers, rather than dominated by one or two.
South-South Cooperation: Collaboration and exchange of resources, technology, and knowledge between developing countries.
Sustainable Development Goals (SDGs): A set of 17 global goals adopted by the United Nations to achieve a better and more sustainable future for all.