... fully.
Tristan Kenderdine:
US–Iran Conflict Would Strengthen China’s Position in the Middle East
China, Russia, India, Brazil, and South Africa are the founding members of the
New Development Bank
. NDB’s 2017–2021 general strategy clearly ... ... among these six economies is long overdue. The Sr. Management of NDB can easily expand the remit of the bank by entering trade finance and project finance between these six countries alone. The bank could ask its shareholders to deploy and commit some of ...
... development programmes in the BRICS countries and those of its partners. A number of bilateral agreements on financing development programmes have already been reached between BRICS countries, including agreements on currency swaps (between China and Brazil) and bilateral loans (
between China and South Africa
).
Despite the fact that the BRICS countries are able to finance development programmes on a bilateral basis, a number of incentives encouraged them to set up the bank — firstly, the need to share risks, and secondly, the need to increase the legitimacy of their south—south cooperation
[1]
.
The ...