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Monday, January 22, 2024
Egypt Plans to Issue Bonds in Local Currencies of BRICS’ NDB Members
Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030
New Development Bank reported that it has deposited US$1 billion in loans to Brazil. These funds are part of the agreement concluded by the Minister of Finance in October. Fernando Haddad, Chairman of the Monetary Agency, Dilma Rousseff
The BRICS New Development Bank (NDB) has approved a loan of 50 million U.S. dollars equivalent in RMB to the Bank of Huzhou for the Sustainable Infrastructure Project, marking its first non-sovereign loan in China, the bank announced
The government is set to take up its first New Development Bank-funded project to ensure safe water supply for Dhaka residents
The New Development Bank Bill, 2023 was passed in parliament to welcome funds from the lending arm of BRICS
New Development Bank's (NDB) $10 billion loan benefitted 400 million people in its founding member countries of Brazil, Russia, India, China and South Africa and successfully helped them in its COVID-19 economic recovery programmes
Loan proceeds would fund infrastructure, renewable projects