Saturday, March 23, 2019

Tag: New Development Bank BRICS

BRICS Bank inks strategic cooperation deal with China Construction Bank

The New Development Bank (NDB) launched by the BRICS countries on Wednesday signed a strategic cooperation agreement with China Construction Bank, the country’s second-largest lender. “The NDB, as per its mandate, is building partnerships with major banks in its member countries. Cooperation with CCB is important for us, given the key role it...

BRICS bank, AIIB ready to follow China by financing Moscow-Kazan high-speed railroad

The total cost of the Moscow-Kazan high-speed railway line is estimated at $16.9 bln, while the section may later be extended to China, connecting the two countries across Kazakhstan. SOCHI, June 3. /TASS/. The New Development Bank BRICS (NDB BRICS) and Asian Infrastructure Investment Bank (AIIB) are ready to follow...

Why Russia’s turn to China is a mirage

On July 8 and 9, Russia hosts Chinese, Indian, Brazilian and South African leaders at the annual BRICS summit in the Russian republic of Bashkortostan. The conference takes place at a time when Russia's rift with the West over Ukraine has sparked some concerns that Moscow might turn its...

What the new bank of BRICS is all about

As World Cup fever recedes, this week in Fortaleza heads of state from Brazil, Russia, India, China, and South Africa (the so-called BRICS countries) agreed to establish a New Development Bank (NDB) at their summit meeting. They will have a president (an Indian for the first six years), a...

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