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Wednesday, November 15, 2023
Bangladesh Parliament Passes Bill to Get BRICS Funds
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
The New Development Bank (NDB) and the Federative Republic of Brazil singed the Loan Agreement for Brazil Emergency Assistance Program for Economic Recovery Project
Shanghai-based lender’s president says it can become an institution ‘made by developing countries for themselves’
The development bank founded by the BRICS countries is planning to issue its first Indian rupee bond by October, its chief operating officer said as the lender comes under pressure to raise and lend more in local currencies
The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds, as it comes under pressure to boost its local currency fundraising and lending