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… Continue reading BRICS RI International Conference Sets Agenda as India Prepares for 2026 Presidency
Tag: BRICS New Development Bank (NDB)
Indian Representative Appointed as Vice-President of New Development Bank
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… Continue reading Indian Representative Appointed as Vice-President of New Development Bank
New Development Bank Highly Appreciates Egypt’s Public Procurement System
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… Continue reading New Development Bank Highly Appreciates Egypt’s Public Procurement System
South Africa Secures US$398 Million Loan From NDB for Road Infrastructure Development
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… Continue reading South Africa Secures US$398 Million Loan From NDB for Road Infrastructure Development
BRICS New Development Bank Expands Local Currency Lending and Green Finance
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… Continue reading BRICS New Development Bank Expands Local Currency Lending and Green Finance
Nigeria Calls on BRICS Countries to Switch to Trading in National Currencies and Strengthen Cooperation Within Group
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… Continue reading Nigeria Calls on BRICS Countries to Switch to Trading in National Currencies and Strengthen Cooperation Within Group
KazanForum proposes to develop digital map of BRICS+ special economic zones
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… Continue reading KazanForum proposes to develop digital map of BRICS+ special economic zones
Political scientist and orientalist Farhad Ibragimov: BRICS shapes new economic architecture
An international scientific and practical conference was held at the Peoples’ Friendship University of Russia (RUDN University), gathering experts, scholars, and political scientists to discuss the prospects for economic development in the contemporary context. Special attention was given to the role of BRICS and China as one of the key players in global trade. The President… Continue reading Political scientist and orientalist Farhad Ibragimov: BRICS shapes new economic architecture
Dilma Rousseff is re-elected as Head of New Development Bank for another term
The Head of the New Development Bank (NDB) Dilma Rousseff confirmed her re-election as President. This is reported by O Globo newspaper. “The council nominated my candidature and unanimously approved it,” she said at an event in Beijing. Rousseff has led the NDB since 2023. She had earlier outlined several key areas of focus for… Continue reading Dilma Rousseff is re-elected as Head of New Development Bank for another term
World Insights: World financiers bullish on Global South development
The main forum of the three-day 2025 Global South Financiers Forum kicked off here Thursday, gathering experts, industry leaders and government officials from the financial sector across the world. Financiers at the forum shared insights on the economic and financial development of the Global South, and expressed confidence in a promising prospect for South-South cooperation… Continue reading World Insights: World financiers bullish on Global South development