BRICS bank to make first loan next April
The New Development Bank operationalised at the BRICS summit underway in Russia aims at making its first loan in nine months time. President of the $100-billion institution launched in Durban two years ago says while there will be parallels with other international banks, but it will set its own standard. ends intro NDB president Kundapur […]
Zuma wants something tangible from BRICS summit
The operationalisation of the $100-billion the New Development Bank is the focal point of the leaders of Brazil, Russia, India, China and South Africa sitting down at their summit today. Each of them have a specific goal for their people as they face growing challenges in their role as the planet’ s fastest developing economies. […]