Latin American agency: The New Development Bank, Uruguay's accession and Brazilian influence

This study provides insight into the current evolution of New Development Bank (NDB). It examines role agency global South reshaping intergovernmental organizations (IGOs) in case Brazil's influence on NDB to expand its membership. In that process, this article homes admission Uruguay as a prospective member September 2021, first expansion Latin America and Caribbean (LAC). The shows membership negotiations between Montevideo were less rigid formal than procedural norms multilateral development banks (MDBs) North, thanks collaborative by various LAC actors involved. makes Uruguay's accession will produce numerous win-win benefits for both country Bank. also argues inspire future other countries region adds scant literature which conceptualizes mechanics small or new IGOs. piece existing studies investigating how has previously shaped continues shape MDBs.