The BRICS New Development Bank will give a priority to projects aimed at developing the renewable energy sources, Vice President of the Bank Leslie Maasdorp told TASS at the Boao Forum for Asia.

"The mandate of the Bank as set out in our Articles of Agreement is to be an institution that focuses on accelerating the pace towards the transition to the ‘green economy’," the banker said.

Maasdorp added the preference will therefore be given to renewable energy projects. He said the Bank wants to cooperate with other institutions in accelerating ‘green’ financing expansion and promoting environment protection.

Source: TASS