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Wednesday, July 5, 2023
New Development Bank Mechanism "Very Fair": Rousseff
The financial governance mechanism of the BRICS-led New Development Bank (NDB) is "very fair," Dilma Rousseff, the bank's president, has said
The New Development Bank (NDB) has issued an RMB-denominated bond of 8.5 billion yuan (about 1.2 billion U.S. dollars) on the China Interbank Bond Market, the bank announced. It is the bank's biggest RMB bond issuance to date
The New Development Bank (NDB), also known as the "BRICS bank," is in talks with Saudi Arabia on admitting the Middle Eastern nation as its ninth member, which would strengthen the NDB's funding options
The world is gradually turning from Western finance towards more just alternatives
A new president for BRICS groupings finance arm must steer geopolitical storms from outside – as well as within
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