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Thursday, June 15, 2023
BRICS Bank Could Come to Rescue of Eskom to End Load Shedding
The BRICS Bank could come to the rescue of Eskom after it indicated to lawmakers it was in discussion on how it can help with the financing to improve the energy security supply in South Africa
One of the most important institutions created by the BRICS is the New Development Bank (NDB). This is a Global South-oriented alternative to the World Bank, which is located in and essentially controlled by the United States
Brazil is backing Argentina’s entry into the bank, its head Dilma Rousseff said
Brazil President Luiz Inácio Lula da Silva said he’s actively working to help Argentina overcome its financial crisis after meetings with its president, Alberto Fernandez, in Brasilia
The New Development Bank (NDB), an institution established by the BRICS group of major emerging economies, is reportedly in discussions with Saudi Arabia regarding its potential membership as the tenth member of the bank
Bank starts road to redemption with capital markets return
According to Mauro Vieira, Brazil notes "the gradual and balanced process of the expansion of the NDB, which admitted three new members (Egypt, the United Arab Emirates, and Bangladesh) in 2021