ru
en
Radio online
Radio online
Live
31 July
Business

BRICS Bank opens its regional office in Brazil

BRICS Bank opens its regional office in Brazil

The Brazilian Minister of Foreign Affairs, Aloisio Nunez, and the Chairman of the New Development Bank (NDB) of BRICS, Kundapur Vaman Kamat, signed an agreement on Thursday to open a regional office of the NDB in Brazil.
They signed the document in the presence of the five leaders at the Johannesburg Summit during a ceremony broadcast by local television.
According to the signed agreement, the head structure of the regional office of the NDB is expected to start its work in the city of São Paulo this year. An additional office will also be opened in the Brazilian capital, Brasilia.
The Declaration on the establishment of the NBI was signed at the VI BRICS Summit on July 15, 2014 in Fortaleza (Brazil). The Bank’s authorized capital is $100 billion, distributed capital - $50 billion, paid capital - $10 billion (paid "on demand" - $40 billion). The capital is distributed proportionally among the Bank's participants.

Resource: TASS

More news
Индия Россия
17 December
Business
Russia and India to Expand Cooperation in Nuclear Power Engineering
Китай Россия
17 December
Business
A Plan of Conduit Between Russia and China
Китай Россия
17 December
Business
MKR-MEDIA Media Holding and Renminwang Sign a Memorandum of Information Cooperation
Китай
13 December
Business
The Chinese ex-Minister of Finance Lou Jiwei is Awarded with the Order of Friendship
Китай Россия
13 December
Business
Russia and China Make a Model of Overall Cooperation
Бразилия Индия
13 December
Business
Russian-Indian Intergovernmental Defense Industry Commission in New Delhi
More news