Question
The BRICS New Development Bank (NDB) has been set up for
Answer: Option A
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments."
Was this answer helpful ?
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments."
Was this answer helpful ?
More Questions on This Topic :
Question 2. The WTO came into being on -....
Question 9. When was Niger Basin Authority established?....
Submit Solution