... platform of regional development banks could comprise the Eurasian Development Bank (EDB), the Development Bank of South Africa (DBSA), the SAARC Development Fund (SDF), Mercosur Structural Convergence Fund (FOCEM), China Development Bank (CDB), China-ASEAN Investment Cooperation Fund (CAF), and the New Development Bank (NDB). As noted before, within this group of development institutions, the NDB could potentially perform a coordinating role with respect to BRICS+ initiatives.
In terms of cooperation ...
... including the likes of Egypt, Jordan, Thailand and Chile. There are also memoranda signed with trade blocs such as Mercosur and ASEAN on joint cooperation and potential liberalization initiatives. Overall, Russia together with partners from the Eurasian ... ... while at the same time allowing for the significant reserves to be deployed in counter-cyclical fashion as the rest of the world economy is facing a deceleration in growth and scarcity in the arsenal of policy instruments to support economic activity.
Source: ...
... figure of 6 to 6.5 percent is almost double the International Monetary Fund’s’(IMF) prediction of 3.3 percent for the global economy. The Asian Development Bank, which is modelled on the World Bank, has estimated that, if this momentum is maintained, ... ... last year’s figure of around AU$129.5 billion. As for the wider region, according to the Association of Southeast Nation (ASEAN)’s data set, total trade between Russia and ASEAN member countries increased by 40.3 percent from almost AU$17 billion ...
