Director General of Independent Evaluation Office of New Development Bank, Ashwani Muthoo: "Harmonisation of methodologies in evaluation for projects is critical"

Over the years, the New Development Bank has approved approximately 120 projects worldwide, totalling more than US$39 billion. Many of these projects are well known, including Line 6 of the Qingdao Metro in China; the large-scale Delhi – Ghaziabad – Meerut project in India; and, in early 2026, financing was also approved for the construction of Brazil’s largest power transmission line, the Graca Aranha – Silvania line. To ensure that every initiative supported by the international financial institution contributes to sustainable progress, an Independent Evaluation Office was established. Do the assessment criteria vary depending on the specific characteristics of each country? In which BRICS countries will a country portfolio analysis be conducted in the near future? How is collaboration with multilateral development banks structured to harmonise assessment requirements? Ashwani Muthoo, Director General of the Independent Evaluation Office of the New Development Bank, shared his insights on this topic in our BRICSterview. TV BRICS reporter: Ekaterina Fomina