Brics New Development Bank | search
Click here to view Brics New Development Bank news from 60+ newspapers.
Bookmark or Share- COVID-19: How multilateral development banks can lead through a crisisAs the COVID-19 pandemic rapidly spread from Wuhan in Hubei province to surrounding regions, the Chinese Government turned to the newest multilateral development bank, the BRICS New Development Bank (NDB) for support. Within weeks of the loan approval, the NDB disbursed $1bn to Hubei, Henan and Guangdong, the three most affected provinces in China.
- New Development Bank | World Economic ForumThe New Development Bank (NDB), formerly known as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa). The bank aims to foster greater financial and development cooperation among the five emerging markets.
- BRICS' New Development Bank turns four: what has it achieved?The New Development Bank obtained a AAA international credit rating from Japan Credit Rating Agency in August 2019, and a AA+ rating in 2018 from Standard & Poor and Fitch respectively. These ratings are considerably above the average for the BRICS countries.
- As the BRICS New Development Bank turns two, what has it achieved?The core purpose of the NDB is to mobilize resources for infrastructure and sustainable development in BRICS countries. The Bank has committed USD$1.5 billion in loans to member countries so far, with a strong emphasis on renewable energy. Furthermore, plans are on track to reach the target $2.5 billion of loan commitments by end of 2017.
- What is ‘new’ about the New Development Bank?Last month marked the official launch of the New Development Bank (NDB) in Shanghai. After the short-lived fanfare and excitement, the real work is now well under way to build, from humble beginnings, a new global development finance institution. The historical context that gave rise to the BRICS (Brazil, Russia, India, China and South Africa ...
More
