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MercoPress, en Español

Montevideo, April 25th 2024 - 01:01 UTC

Tag: New Development Bank (NDB)

  • Monday, June 5th 2023 - 12:45 UTC

    Argentina closer to becoming a member of BRICS and their Development Bank

    According to the Argentine delegation sources, Rousseff gave Massa the news at the meeting they held at NDB headquarters in Shanghai .

    The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank

  • Wednesday, July 22nd 2015 - 07:22 UTC

    BRICS bank (New Development Bank), takes off in low-key Shanghai ceremony

    “Our objective is not to challenge the existing system as it is but to improve and complement the system in our own way” said NDB President Vaman Kamath

    Officials from the world's largest emerging nations launched on Tuesday the New Development Bank (NDB), the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank. Also known as the BRICS bank, it follows soon after the establishment of the China-led Asian Investment Infrastructure Bank (AIIB).