The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Wednesday, July 27, 2016
South Africa is Expected to Be the Regional Centre of the New Development Bank of Brics by the End of 2016
This was announced by Finance Minister Pravin Gordhan during a business breakfast hosted by the Johannesburg Chamber of Commerce and Industry in partnership with Ernst and Young
The New Development Bank is pleased to announce that on 18 July 2016 it successfully issued its first Green Financial Bond with issue size of RMB 3 billion, tenor of 5 years in the China Interbank Bond Market
The newly-established New Development Bank (NDB) in Shanghai, which was formerly known as BRICS Development Bank, is working towards achieving sustainable infrastructure growth and inking partnerships with various financial institutions in India and other emerging economies