Latest stories tagged “New Development Bank”
The New Development Bank has approved a US$1 billion loan aimed at infrastructure modernization in South Africa, as announced during a meeting in Shanghai. Additionally, the Board of Directors welcomed Uzbekistan as a new member of the bank.
South Africa has secured a $1 billion loan from the BRICS New Development Bank (NDB) aimed at upgrading infrastructure across its eight metropolitan areas. This funding is part of the NDB's efforts to support development projects in member countries.