The emerging Brics economies – Brazil, Russia, India, China and South Africa – struck an agreement this month to establish a development bank with an initial capital of $100bn. The Brics want the bank to mobilise resources for infrastructure and sustainable development projects. From the outset, it should adopt open and transparent processes, and environmental and social rules, that are the best in the business. It should help communities become involved in the development of projects, invest in schemes that communities actually want, and ensure that its investments benefit the most marginalised people.