{[name]}
{[post]}
Monday, April 13, 2020
SA May Look to Brics Bank for Money as COVID-19 Batters Economy
Deputy Finance Minister David Masondo says structural reforms will have to follow measures put in place to mitigate the economic impact of COVID-19
BRICS New Development Bank (NDB) issued a 3-year RMB Coronavirus Combating Bond to raise 5 billion yuan (706 million U.S. dollars), the bank said in a statement
The deal is the first coronavirus-themed Panda bond from a multilateral financial institution
The BRICS New Development Bank (NDB) has approved an emergency assistance loan of 7 billion yuan (about 1 billion U.S. dollars) to China to help the country fight COVID-19, according to the bank’s statement
The BRICS New Development Bank (NDB) plans to provide financial support including emergency financing to China’s fight against the novel coronavirus outbreak, the bank said in a statement
Candidates for membership in the BRICS New Development Bank (NDB) may be announced before the July BRICS summit, Russian Deputy Finance Minister Sergey Storchak said
The BRICS New Development Bank (NDB) plans to provide financial support including emergency financing to China's fight against the novel coronavirus outbreak, the bank said in a statement