The new bank of BRICS is opened in Shanghai
Date: 08:56, 21-07-2015.
Almaty. July 21. Silkroadnews - "The official start of the new Development Bank (NDB) of the BRICS (Brazil, Russia, India, China and South Africa) was given on July 21 in Shanghai", - informed TASS on Tuesday.
"Creating of NDB will have a strong impact on the world economy and help in its reconstruction", - said the Minister of Finance of the PRC Lou Jiwei.
The amount of authorized capital of NDB is $100 billion. Its headquarter is located in Shanghai.
