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News List

Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:
July 2015 BRICS Launches New Development Bank Officials from the world’s largest emerging nations - Brazil, Russia, India, China, and South Africa (BRICS) - launched the New Development Bank (NDB) on 21 July 2015 in Shanghai, China. The NDB will lend money to developing countries and help finance infrastructure projects in BRICS countries. Read More Tags: BRICS, Infrastructure, New Development Bank

July 2015

BRICS Launches New Development Bank

Officials from the world’s largest emerging nations - Brazil, Russia, India, China, and South Africa (BRICS) - launched the New Development Bank (NDB) on 21 July 2015 in Shanghai, China. The NDB will lend money to developing countries and help finance infrastructure projects in BRICS countries.

Tags: BRICS, Infrastructure, New Development Bank