Brics New Development Bank
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BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
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BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
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BRICS To Allocate $15 Billion For Rebuilding Economies Hit By COVID-19
The New Development Bank of the BRICS grouping will set aside USD 15 billion to help its members tide over the economic crisis triggered by the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov announced after a meeting of the five-nation bloc.
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BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
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BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
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BRICS To Set Up Credit Rating Agency, Says PM Modi
Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.
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India Will Guide BRICS Bank to Finance Needs of Emerging Nations: PM Modi
India will guide the BRICS nations' $50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said today.
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New Development Bank Important for BRICS Cooperation, Says Chinese Premier Li Keqiang
Chinese Premier Li Keqiang today hailed the opening of the $100 billion bank floated by the BRICS nations as an "important step forward" in cooperation among members of the grouping as the bank's president KV Kamath called on him in Beijing.
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'BRICS' Bank Launches in Shanghai, to Work With Asian Investment Infrastructure Bank
Officials from the world's largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
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BRICS Bank to Lend 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 banker KV Kamath said in Ufa today.
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New BRICS Bank to Look at Local, International Borrowing: President
The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said today.
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BRICS Bank to Keep Borrowers' Interest in Mind, Says KV Kamath
In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the $100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution KV Kamath has said.
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PM Narendra Modi's Weibo Update on Meeting with Chinese President Xi Jinping
Prime Minister Narendra Modi today said he had a "comprehensive" meeting with Chinese President Xi Jinping and both of them are "strongly committed" to take bilateral ties to "new heights".
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Russia Woos China Before BRICS Summit
Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.
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BRICS Host Vladimir Putin's Message to the West
Prime Minister Narendra Modi and Russian President Vladimir Putin will hold bilateral talks this evening in the city of Ufa in the Ural mountains, ahead of the seventh summit of the BRICS emerging economies on Thursday.
-
BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
-
BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
-
BRICS To Allocate $15 Billion For Rebuilding Economies Hit By COVID-19
The New Development Bank of the BRICS grouping will set aside USD 15 billion to help its members tide over the economic crisis triggered by the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov announced after a meeting of the five-nation bloc.
-
BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
-
BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
-
BRICS To Set Up Credit Rating Agency, Says PM Modi
Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.
-
India Will Guide BRICS Bank to Finance Needs of Emerging Nations: PM Modi
India will guide the BRICS nations' $50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said today.
-
New Development Bank Important for BRICS Cooperation, Says Chinese Premier Li Keqiang
Chinese Premier Li Keqiang today hailed the opening of the $100 billion bank floated by the BRICS nations as an "important step forward" in cooperation among members of the grouping as the bank's president KV Kamath called on him in Beijing.
-
'BRICS' Bank Launches in Shanghai, to Work With Asian Investment Infrastructure Bank
Officials from the world's largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
-
BRICS Bank to Lend 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 banker KV Kamath said in Ufa today.
-
New BRICS Bank to Look at Local, International Borrowing: President
The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said today.
-
BRICS Bank to Keep Borrowers' Interest in Mind, Says KV Kamath
In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the $100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution KV Kamath has said.
-
PM Narendra Modi's Weibo Update on Meeting with Chinese President Xi Jinping
Prime Minister Narendra Modi today said he had a "comprehensive" meeting with Chinese President Xi Jinping and both of them are "strongly committed" to take bilateral ties to "new heights".
-
Russia Woos China Before BRICS Summit
Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.
-
BRICS Host Vladimir Putin's Message to the West
Prime Minister Narendra Modi and Russian President Vladimir Putin will hold bilateral talks this evening in the city of Ufa in the Ural mountains, ahead of the seventh summit of the BRICS emerging economies on Thursday.
