BRICS New Development Bank: From Private to Public

... wealth funds, which they frequently invest in developed countries, thereby strangulating financing into the national economy. The BRICS New Development Bank, which was officially launched at the July 2015 BRICS Summit in Ufa, has been tasked with resolving ... ... infrastructure problems exist not only in these partner countries, but also in all of the BRICS countries. Among the BRICS countries, India has the most infrastructural issues. Accordingly, the development of large-scale infrastructure projects is an absolute ...