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Monday, December 21, 2020
India Signs USD 1 Billion Loan Agreement with NDB for Recovery of COVID-hit Economy
The finance ministry said that the programme will support Government in mitigating the adverse economic impact of COVID-19 pandemic
Indian Prime Minister Narendra Modi has invited Bangladesh to join the New Development Bank or BRICS Bank, a multilateral institution which mobilises resources for infrastructure and sustainable development projects in emerging economies
The Russian project envisions extension of a loan worth $300 mln to Mobile TeleSystems for cellular network and cloud services expansion
The loan will finance the rolling stock, signaling system, operational structures, residences for operational staff, train control and telecommunication system of the RRTS corridor
The New Development Bank (NDB), set up by BRICS nations, has launched talks to expand membership to countries outside of the bloc, the bank's vice president, Vladimir Kazbekov, told Sputnik
South Africa should work together with its BRICS partners to increase trade and investment in order to recover from COVID-19, an expert has said
The BRICS is forging economic cooperation at a time when the COVID-19 pandemic has devastated the world economy