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Wednesday, March 2, 2022
NDB First Multilateral Agency to Open Office in Gift City
New Development Bank (NDB) will become the first multilateral agency to open an office in the Gujarat International Finance Tech City (Gift) after an approval for the same this week
The New Development Bank (NDB) successfully issued CNY 3 billion RMB-denominated Bond in the China Interbank Bond Market. With this issuance under the Bank’s second RMB 20 billion Bond Programme in China, the total outstanding amount of RMB bonds issued by the NDB has reached CNY 20 billion
The multilateral bank approved nine projects in the period-more than US$4 billion in investments. While the number of Brazilian projects in the NDB has increased, Brazilian participation in financing in the World Bank is lower
Answering journalists' questions, Vyacheslav Stupin spoke about the progress with the project "Comprehensive Development of the Territory and Infrastructure of Small Historical Settlements" implemented by the government of the Russian Federation and the New Development Bank (BRICS)
Development bank established by BRICS approved the admission of Bangladesh, Egypt, UAE and Uruguay
India welcomed Egypt's entry as the fourth new member of the New Development Bank (NDB) that was established by the BRICS countries six years ago
Development bank established by BRICS further expands membership