BRICS' New Development Bank provides USD 1 billion loan to India to fight COVID-19

The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath. The purpose of the bank is to mobilise resources for infrastructure and sustainable development projects in BRICS countries.

from Economy-News-Economic Times https://ift.tt/3dCRwsX