Page-5 of New Development Bank Current Affairs, GK & News

India signs amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project

India has signed the second loan agreement of $100 million with New Development Bank (NDB) for Rajasthan Water Sector Restructuring Project for Desert Areas on 13th February 2018 at New Delhi. This is the first tranche loan approved by the NDB under the Multi Tranche Financing Facility of $345 Million for this project. The project ..

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India to host 3rd Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB)

India will host the 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) at Mumbai in June 25-26, 2018. The theme of the meeting will be ‘Mobilizing Finance for Infrastructure: Innovation and Collaboration. For this, the MoU was signed by joint secretary (multilateral institutions division) in the Ministry of Finance ..

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9th BRICS Summit: Background; Highlights and Xiamen declaration

BRICS is an annual summit of five nations viz. Brazil, Russia, India, China and South Africa. First such formal summit was held at Yekaterinburg on June 16, 2009. The BRIC nations formally invited South Africa to join the group and on December 24, 2010, the group was renamed as BRICS. So far, nine BRICS annual ..

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BRICS bank to issue first Yuan-denominated bonds

The New Development Bank (NDB) of the BRICS countries is set to issue its first yuan-denominated bonds to finance sustainable development projects. The NDB’s first five-year yuan-denominated bonds (or green bonds) will be issued after receiving a rating from international ratings agencies as well as getting authorities’ approval. Further, the NDB plans to release more ..

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ICICI Bank signs MoU with BRICS’s New Development Bank

India’s largest private sector lender ICICI Bank has inked a MoU with the BRICS Grouping-promoted New Development Bank (NDB) for a partnership in bond issuances, co-financing, treasury management and human resources. With this ICICI Bank becomes first financial institution in the country to tie up with the BRICS Grouping-promoted NDB. The MoU was signed by ..

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