Why is the New Development Bank focusing on digital infrastructure, and what opportunities does this open up for the BRICS+ countries? How will the shift from financing infrastructure projects to investing in artificial intelligence change the Bank’s lending policy and its requirements for borrowers? Read more in the TV BRICS article The NDB’s new development strategy In May, the 11th annual meeting of the New Development Bank’s Board of Governors was held in Moscow. It was one of the key…

At a meeting in Shanghai, the Board of Directors also welcomed Uzbekistan as a new member of the bank⁠ The Board of Directors of the New Development Bank (NDB) has approved a loan of up to US$1 billion to the Republic of South Africa. The funds are intended for the implementation of a programme to modernise the infrastructure of urban utilities in the capital region, as reported by the NDB’s website. The programme will cover eight metropolitan municipalities, including Cape…

Under the Bank’s strategy, the share of projects financed in national currencies is expected to exceed 45 per cent by 2031 President of the New Development Bank (NDB) Dilma Rousseff, answering a question from a TV BRICS reporter, stated that the issuance of the Bank’s bonds in Indian rupees is now at the final stage. The Annual Meeting of the Board of Governors of the New Development Bank (NDB) took place in Moscow on 14–15 May. Following the events, Dilma…

Within the framework of the 4th BRICS RI International Conference, India hosted two days of high-level discussions on the theme “BRICS Multilateralism: Peace & Security, Economic Development & Cultural Exchanges.” Speakers underscored that the forum provides the Indian community with an opportunity to help shape the agenda of the forthcoming BRICS Summit, ensuring that it reflects both national priorities and the collective vision of the group. TV BRICS served as the official information partner of the conference. Shri Dammu Ravi,…

The Board of Governors of the New Development Bank (NDB) has appointed Rajiv Ranjan, Executive Director of the Reserve Bank of India, as Vice-President of the NDB for a term of five years. This was reported on the financial organisation’s website. It is noted that Ranjan has been working at the Reserve Bank of India for over 35 years. He has held the position of Executive Director and member of the Monetary Policy Committee since May 2022. Previously, Ranjan also…

Egypt’s public procurement laws have been highly praised in a recent report by the New Development Bank (NDB). This is reported by Daily News Egypt, a partner of TV BRICS, quoting the country’s Minister of Finance, Ahmed Kouchouk. He said that the report noted that the public procurement law was in line with international best practices. This confirms its suitability for NDB-funded projects. According to the minister, modernising legislation is a key step towards strengthening relations with the private sector.…

South Africa has secured a R7 billion loan (US$398 million) from the New Development Bank (NDB) to support the modernisation of key national road corridors, as part of broader efforts to strengthen the country’s transport infrastructure and economic connectivity. This is reported by MENA, a partner of TV BRICS. The funds will primarily be allocated to projects aimed at upgrading strategic transport routes such as the N2 and N3 corridors in KwaZulu-Natal, and the N1, which play a vital role…

Dilma Rousseff, President of the New Development Bank (NDB), reaffirmed that approximately 25 per cent of the bank’s lending portfolio is already denominated in local currencies of the BRICS countries, a figure set to rise to 30 per cent in 2026. This is reported by the official website of Brazil’s government. She stressed that using local currency lending reduces foreign‑exchange risk and better supports long‑term sustainable infrastructure and energy projects for emerging economies. Rousseff also reported that 40 per cent…

At the BRICS trade forum held in Brazil, Chairman of the Nigeria’s House Committee on Foreign Affairs, Wole Oke, stressed that deepening cooperation between BRICS countries is crucial for economic stability, especially for developing countries, reports PUNCH Newspaper. “Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said He stressed the importance of digital innovation, the…

The creation of a digital map of all special economic zones (SEZs) of the BRICS+ countries may simplify investors’ access to information on territories with preferential business regimes and conditions of business location. This was announced by Nikita Kondratyev, Director of the Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of the Russian Federation, at the XVI International Economic Forum “Russia – Islamic World: KazanForum”. He spoke at the session “International Association of BRICS…