NDB

Russia and Brazil to partner in production & marketing of Sputnik V vaccine

August 14, 2020

BRICS partners Russia and Brazil have decided to enter into an agreement to cooperate in the production and marketing of the world’s first registered Coronavirus vaccine Sputnik V by Russia. About the Deal Russian Direct Investment Fund has stated that ..

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New Development Bank (NDB) approves loan to Madhya Pradesh for infrastructure projects

September 25, 2018

The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district ..

Subhash Chandra Garg represents India in first meeting of BRICS Finance Ministers and Central Bank Governors

April 20, 2018

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th April, 2018. The Government of India (GoI) was represented in the meeting ..

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ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership

March 10, 2018

The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed ..

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Government inks $100 million loan agreement with NDB for Rajasthan Water Project

February 16, 2018

Government has signed second Loan Agreement with New Development Bank (NDB) for financing of Rajasthan Water Sector Restructuring Project for the Desert Areas. This is the first tranche loan of $100 million was approved by the NDB under Multi Tranche ..

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Union Cabinet approves MoU between EXIM bank and NDB

October 14, 2016

The Union Cabinet has given its approval for signing of a MoU on General Cooperation with New Development Bank (NDB) or BRICS Bank and Export Import Bank of India (EXIM Bank). The MoU will be through the BRICS Interbank Cooperation ..

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BRICS Contingent Reserve Arrangement declared operational

October 8, 2016

The Contingent Reserve Arrangement (CRA) of BRICS nations viz. Brazil, Russia, India, China and South Africa was declared operational. It was announced by Union Finance Minister Arun Jaitley who had chaired the Governing Council meeting of the BRICS’ CRA in ..

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KV Kamath named as first President of New Development Bank of BRICS nations

May 11, 2015

Eminent banker Kundapur Vaman Kamath was appointed as first President New Development Bank (NDB) of BRICS nations. He will have of five year term after the bank becomes operational within one year. About Kundapur Vaman Kamath Born on 2 December ..

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