News with the tag "development bank"

Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank t...

A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the i...

TL ; DR The African Development Bank (AfDB) has successfully issued a $750 million perpetual hybrid capital note, marking a historic moment for multilateral development banks. This financial approach, a first for institutions facing mounting pressures to enhance lending capabilities, comes as the G2...

The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South Afr...

The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in the local capital markets of its member countries, to fund i...

Eager to move away from the gravitational pull of the U.S. dollar, the New Development Bank (NDB) founded by the BRICS nations is shifting its strategic gears. With a mission to foster a more balanced international financial stage, the bank is now stepping up its game by financing in local currencie...

The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both fundraising and lending in local currencies. Development B...

The New Development Bank (NDB), an initiative of the BRICS nations, is facing an inevitable shift. While it was established to serve emerging economies and move away from dollar-dependence, global economic shifts are steering its path differently. Its founding member, Russia, is grappling with sanct...

Russian President Vladimir Putin has railed against using the dollar as a political weapon in a meeting with the New Development Bank’s president, Dilma Rousseff. Putin stated that this weaponization and the recent developments in global finance complicated the institution’s growth to help third-wor...

Myanmar is set to welcome its first crypto-based bank, the Spring Development Bank which is backed by the country's shadow government The post Myanmar to Debut First Functional Crypto-Based Bank appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .