The New Development Bank plans to lend as much as $780 million to Eskom Holdings SOC Ltd. for infrastructure projects this year as the ailing South African power utility battles to keep power supply steady

Countries with emerging economies are looking for a bigger say in international politics

The club of emerging political and economic powers of Brazil, Russia, India, China, and South Africa in response to new global challenges is famously known as BRICS. Since its inception in 2006, it has been a platform to highlight the prominence of multi-polar world order challenging the collision of G-7 members. These five countries account for 20 percent of world GDP and 40% of the world population

Russian Deputy Foreign Minister Sergey Ryabkov discussed with Brazilian Foreign Ministry senior officials the development of bilateral relations along with the situation in the region, the Russian Foreign Ministry said in a statement

The BRICS New Development Bank will issue bonds in South Africa and commercial paper in U.S. dollars in the first half of 2019, said the bank's president, K.V. Kamath, during an exclusive interview with Xinhua

> Russian Deputy Foreign Minister Sergey Ryabkov will fly to Brazil for a sherpa meeting of the BRICS emerging economies, the Russian embassy told Sputnik