TheShanghai-basedNewDevelopmentBankapprovedtwoinfrastructureandsustainabledevelopmentprojectsinIndiaandRussiawithloansof400millionUSdollars.Theloanswillbeusedto
Solar panels sit on a rooftop at the Shanghai Lingang industrial zone. The company that made them, Hongbo New Energy (HNE), had received a 525-million-yuan long-term loan at the end of last year from the New Development Bank (NDB), a financial institution jointly established by BRICS countries.
Against all odds in a slack global economy, the New Development Bank (NDB) set up by the BRICS nations has proved progressive for the past year since its establishment.
The New Development Bank (NDB) of BRICS launched business in Shanghai on Tuesday.
Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
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