Search result for 'new development bank'

The New Development Bank (NDB), established by BRICS nations, has admitted Algeria as a new member, expanding its global reach and supporting Algeria's sustainable development.

Chinese President Xi Jinping visits the New Development Bank headquarters in Shanghai, calling for improved management, technology, and green finance projects. He emphasizes the bank's role in...

NaBFID signs MoU with New Development Bank (NDB) to accelerate infrastructure financing in India, focusing on clean energy and sustainable projects.

India has provided USD 3.73 billion in loans to six partner countries under the Lines of Credit and Concessional Financing Scheme between January 2022 and January 2025. The loans were offered...

Brazil becomes the second BRICS nation, after India, to decline participation in China's Belt and Road Initiative (BRI), citing concerns over potential risks and a desire for alternative...

Brazil has become the second BRICS nation after India to reject China's Belt and Road Initiative, citing concerns over potential debt traps and seeking alternative collaborations with Chinese...

Russia highlights the success of the BRICS Summit in Kazan, emphasizing the formation of a 'new constructive agenda' and the grouping's commitment to practical cooperation and international...

BRICS nations agree to strengthen trade and financial settlement in local currencies, explore independent cross-border settlement and depositary infrastructure, and establish a BRICS reinsurance...

BRICS nations agree to strengthen trade and financial settlement in local currencies, study feasibility of an independent cross-border settlement and depositary infrastructure, and a BRICS...

Chinese President Xi Jinping calls for BRICS expansion to include more countries, urging the bloc to respond to requests from the Global South. He also emphasizes the importance of reforming global...

The New Development Bank (NDB) has approved the construction of a Rs 1,734-crore ropeway project in Shimla, Himachal Pradesh. The 13.79-km ropeway will be the longest in India and is expected to...

The central government will finance 65% of the Chennai Metro Phase 2 project, costing over Rs 41,000 crore. The Union Cabinet approved the project, which includes three corridors.

South Africa's Deputy President highlights India's success in rural electrification and renewable energy integration. Learn about the NDB's support for South Africa's infrastructure development.