New Development Bank Seeks to Commit More than Half a Billion Toward Brazil

Posted on 04/18/2019


The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. The NDB agreed to commit US$ 621 million toward four Brazilian projects on renewable energy, road building, railway construction, sanitation, telecommunications, and oil refinery. On April 1, 2019, NDB and ESKOM Holdings […]