First Regional Centre of NDB Opens in S Africa
August 22nd, 2017
The first regional centre of the New Development Bank, set up by India and other BRICS nations, was officially opened by South African President Jacob Zuma and the bank’s Indian head K V Kamath. NDB has anauthorized capital of the bank is USD 100 billion. In 2018 it is expected to present about 15 to 20 projects involving a total lending of about USD 4 billion for the boards consideration.