Exim Bank of India Announces the Winner of the BRICS Economic Research Award 2020 during the 10th BRICS Financial Forum

India Exim Bank’s BRICS Economic Research Award 2020was presented to the Award winner, Dr. Adam Yao Liuduring the 10^th Annual BRICS Financial Forum hosted online by Russia’s State Development Corporation (VEB.RF), on November16, 2020 in the presence of heads of member development banks of the BRICS Interbank Cooperation Mechanism.

November16, 2020:Dr.Adam Yao Liuwas declared the winner of Export-Import Bank of India’s (India Exim Bank’s) BRICS Economic Research Award 2020by Mr. David Rasquinha, Managing Director, India Exim Bank, during the 10^th Annual BRICS Financial Forum, hosted online by the Russia’s State Development Corporation (VEB.RF), on November16, 2020.  The Forum saw the participation of theheads of member development banks of the BRICS Interbank Cooperation Mechanism viz. the Brazilian Development Bank (BNDES); VEB.RF; China Development Bank (CDB); Export-Import Bank of India (India Exim Bank) and Development Bank of Southern Africa (DBSA), along with the New Development Bank. The Award comprises prize money of Indian Rupees 1.5 million (approximately USD 21,000), a medal and a citation.India Exim Bank’s occasional paper based on Dr.Liu'sAward-winning thesis was also released on the occasion.

The Winning Thesis

Dr. Liu won the Award for his doctoral thesis titled “Building Markets within Authoritarian Institutions: The Political Economy of Banking Development in China”.  Dr.Liureceived hisdoctoral degree in 2018 from Stanford University, USA. He is currently working as anAssistant Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore.

The BRICS Economic Research Award

In the context of India’s Chairmanship of the BRICS Forum during 2016, and under India Exim Bank’s Presidency of the BRICS Interbank Cooperation Mechanism, India Exim Bank instituted the BRICS Economic Research Award in March 2016.The objective of the Award is to stimulate and encourage advanced doctoral research on economics related topics of contemporary relevance to the member nations of BRICS.

The BRICS Economic Research Award represents India Exim Bank’s on-going efforts at promoting research in the area of international economics, trade & development and related financing.The Award accepted as entries, doctoral thesis written by nationals of any of the five member nations of BRICS, who have been awarded a doctorate or accepted for award of a doctorate from any University or academic institution globally. The details of the Award were disseminated globally through advertisements in print and electronic media.