News List

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

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.

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Tags: BRICS, Infrastructure, New Development Bank