Belarus intends to join BRICS New Development Bank
The Belarusian delegation discussed the development of financial mechanisms in BRICS at a meeting with the head of the NDB
First Deputy Foreign Minister of Belarus Sergey Lukashevich met with President of the New Development Bank (NDB) Dilma Rousseff. This is reported by BelTA, a partner of TV BRICS, with reference to the press service of the country's Ministry of Foreign Affairs.
The meeting was held at the NDB headquarters in Shanghai. The Belarusian delegation included representatives of the Ministry of Finance.
It is noted that the parties discussed the development of financial mechanisms in BRICS, as well as the prospects of Belarus' accession to the NDB.
In addition, Lukashevich visited the East China Normal University. The Deputy Minister met with the leadership of the educational institution and got acquainted with the activities of the Centre for Belarusian Studies at the institution.
Earlier, Rousseff said that the NDB plans to use national currencies to invest in the private sector of the BRICS economies. According to her, among the priorities for the bank are sustainable development and technology transfer, as well as the expansion of activities in the Global South.
The new development bank was established by the member countries of the association during a summit in Brazil in 2014 to finance infrastructural projects.
Photo: iStock
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