New Development Bank Provides 1 billion USD Financial Assistance to India
Finance Minister of India appreciated efforts of New Development Bank on fast tracking of financial assistance of about five billion dollars to BRICS (Brazil, Russia, India, China and South Africa) countries including Emergency Assistance of one billion dollar to India to combat COVID-19 pandemic.
Key Features
- India has pitched for enhancing the emergency assistance of New Development Bank to $10 billion from $1 billion now.
- The issue was flagged by union finance minister at annual meeting of the board of governors of the National Development Bank (NDB) via video conference.
About New Development Bank
- The New Development Bank (NDB), formerly referred ....
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