KAZAN, Russia, Oct. 24 (Xinhua) -- The BRICS countries agreed on Wednesday to support the New Development Bank (NDB) in implementing its general strategy for 2022-2026 and in expanding local currency financing. In a declaration issued at the 16th BRICS Summit, they also agreed to jointly bu...
Another trending topic was the prospect of a new BRICS currency that could rival the dominance of the US dollar as the world's reserve currency. Leslie Maasdorp, vice president of the New Development Bank, says that a BRICS currency was always a long-term aspiration. However, he says that ...
The Vice President of the New Development Bank Leslie Maasdorp said that multilateral development banks should expand financing for BRICS countries such as China to achieve sustainability and green transition.RELATED STORIES NPC deputy leads charge in advancing high-quality development...
BRICS Bank NDB to Change Its Brazilian Head at Government's Request More Reuters FILE PHOTO: Former Brazilian president Dilma Rousseff gestures as she attends a rally of Paris Mayor Anne Hidalgo, as part of her campaign for the upcoming mayoral election in Paris, France, March ...
The 15th BRICS summit is taking place at a moment when the financial firepower of development banks has been placed under a bright spotlight. Institutions like the New Development Bank (NDB), Development Bank of Southern Africa (DBSA), Industrial Develop
NDB, formerly referred to as the BRICS Development Bank, became fully operational early this year. BRICS bank's 'green' financing initiative laudable NDB is the new USD 100 billion bank floated by BRICS nations, including India, as an alternative to the western dominated World Bank and IMF. ...
THE Board of Governors of the New Development Bank(NDB),composed of the Ministers of Finance of the BRICS,recently approved the General Strategy of the Bank for 2017-2021.Over the next five years,NDB intends to approve at least US$32 billion in loans,including 15 projects in 2017 and ...
SHANGHAI, July 21 (Xinhua) -- The first loan project in China funded by the BRICS New Development Bank (NDB) is expected to start operation in August, the bank said Friday. The 76 million U.S.dollars loan was given, in installment, to Shanghai Lingang Distributed Solar Power Project, ...
Anil Kishora, vice president and chief risk officer of the New Development Bank, hails the bank's impressive achievements under the BRICS mechanism over the past eight years. Produced by Xinhua Global Service You may like In pics: opening ceremony of Lhasa Shoton Festival ...