September 03, 2017 11:39 am
"The banks will establish a framework mechanism to extend credit lines in local currencies to the BRICS (Brazil, Russia, India, China, South Africa) ICM members and the BRICS companies against guarantees of the signatory banks," Russian development bank Vnesheconombank said.
November 16, 2015 12:47 am
The meeting took place ahead of the Summit of leaders of the 20 biggest economies of the world (G20) in Antalya.
August 11, 2015 2:13 am
The $ 100 billion NDB is promoted by BRICS nations —Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.
July 22, 2015 12:08 am
The bloc’s bank could, and should, help the world’s most vulnerable people.
July 17, 2015 1:58 am
The $100 billion NDB is promoted by Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.
July 10, 2015 3:41 am
For the first three months, the bank expects to seek assistance from member-countries' local development banks.
July 09, 2015 8:39 am
China will make the biggest contribution to the pool: $41 billion. India, Russia and Brazil will donate $18 billion each, while South Africa’s investment will be $5 billion.
July 08, 2015 1:29 am
After India, position at the helm will be transferred to Brazil and then to Russia.
May 15, 2015 3:42 pm
KV Kamath will be the first president of the New Development Bank of the BRICS nations.
May 14, 2015 12:52 am
Shaji Vikraman tells the story of the new Development Bank to be headed by K V Kamath.