Jul

BRICS Bank to Boost S. African Loans by as Much as $600 Million

NDB to balance loans equally among emerging BRICS economies
South Africa’s leadership changes have spurred confidence

The New Development Bank plans to lend as much as $600 million more in South Africa this year in an effort to level the playing field among its five member states.

The lender, backed by Brazil, Russia, India, China and South Africa, started operations in 2015 to support infrastructure projects and sustainable development initiatives in emerging economies. Leaders of the informal BRICS club of nations will be gathering in Johannesburg next week for its 10th summit…

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BRICS Bank to Boost S. African Loans by as Much as $600 Million

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