Jul 25, 2016

BRICS bank open to expand its membership

The Financial Review reported that in the culmination of BRICS’ National Development Bank (NDB) Annual Meeting held last July 21 – 22 in Shanghai China, the focus centered around expanding the scope of the Bank’s membership. According to NDB Vice – President and Chief Risk Officer Paulo Nogueira Batista Jr., new members are expected to join the Bank by the end of 2017 or 2018. Currently, the Bank has announced five projects on renewable energy in each of its members amounting to a total of USD 1.2 billion investments. Read moreĀ here.