BRICS Bank to issue yuan bonds in China

The New Development Bank (NDB) founded by the BRICS countries will raise yuan-denominated funds in China with plans to release bonds in local currencies of its member nations...


BRICS bank to issue first yuan-denominated bonds: official

The founding members of the NDB have already brought in capital of USD one billion as initial contribution. The bank announced its first batch of loans....

‘BRICS bank okays first loans, $811 mn for green energy’

The New Development Bank (NDB), formed by the BRICS group of emerging nations, has approved its first loans - $811 million for renewable energy projects in Brazil...

BRICS bank, others result of failure of IMF reform: US

In June, during a US visit Union Finance Minister Arun Jaitley had attributed the emergence of new multilateral financial institutions to the failure of reforms in IMF and the World Bank.


BRICS bank launched in China as alternative to World Bank, IMF

The New Development Bank (NDB) floated by the BRICS nations, including India, to step up infrastructure funding in the emerging economies formally started its operations at its headquarters here today.


BRICS bank to start working on staff recruitment, infrastructure

The $100 billion NDB is promoted by Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.


BRICS bank to start lending in local currency by April: KV Kamath

The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent

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