BRICS Bank approves $400 million loans for India and Russia

Posted on:23 Nov 2017 10:57:32
BRICS Bank approves $400 million loans for India and Russia
23 November 2017 Current Affairs: New Development Bank (NDB) floated by BRICS nations approved two infrastructure and sustainable development projects in India and Russia with loans of $400 million.

These projects are in line with NDB’s primary objective to provide financial support for infrastructure and sustainable development in Brazil, Russia, India, China and South Africa (BRICS).

NDB approved total seven projects worth $1.5 billion.
New Development Bank (NDB) floated by BRICS nations approved two infrastructure and sustainable development projects in India and Russia with loans of $400 million.

These projects are in line with NDB’s primary objective to provide financial support for infrastructure and sustainable development in Brazil, Russia, India, China and South Africa (BRICS).

NDB approved total seven projects worth $1.5 billion.

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