BOAO, China: The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about US$5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday (Mar 26).
Delegates interact next to the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on Aug 23, 2023. BOAO, China: The New Development Bank , set up by the BRICS group of emerging economies, aims to make about US$5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday .
Zhou did not elaborate on how the bank may have been off track, but said China and India have received slightly more investment from the bank than other members.
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