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Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
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Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
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Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
18.04.2411:18 Culture
Young actors from BRICS+ countries to undergo training at one of the best theatre universities in Russia
11.04.2417:12 Economics
UAE joins media co-operation with BRICS countries through TV BRICS network
05.04.2415:17 Economics
TV BRICS to promote Cuba's co-operation with BRICS+ countries in the film industry
BRICS
15.05.22 15:11
Economics

BRICS' New Development Bank eyes expansion

The NDB intends to ensure sustainability

"As a result of COVID, a lot of governments are fiscally constrained, they do not have the resources to build new infrastructure, new power, new ports, new rail infrastructure and so on, and that is where the bank plays a critical role," said Vice President and Chief Financial Officer of the New Development Bank (NDB) Leslie Maasdorp.

The bank, headquartered in Shanghai, is a lender established by the BRICS group of emerging nations.

Since its establishment, the NDB has approved more than 80 projects for its members, covering sectors including transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development, as reported by Xinhua News Agency, a partner of TV BRICS.

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