They held a meeting at the Boao Asian Forum in China
Russian Deputy Prime Minister Alexey Overchuk discussed the current economic situation in the world with Dilma Rousseff, President of the BRICS New Development Bank (NDB).
During the meeting, they touched upon such topics as current economic trends, the bank's work in Russia and the country's priorities regarding the NDB.
Qiangwu Zhou, Vice President and Chief Administration Officer said that the New BRICS Development Bank intends to issue loans worth about US$5 billion this year. This is reported by Brasil 247, a partner of TV BRICS.
"Our business suffered a bit during the epidemic, but now things are getting back to normal," Zhou said on an annual forum in Boao.
Established in 2001, the Boao Asia Forum is a non-governmental and non-profit international organisation dedicated to analysing global and regional economic trends and promoting trade and economic exchanges and integration processes in Asia.
Photo: iStock-
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![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
