NDB should become a platform for cooperation between the BRICS countries, Siluanov believes

MOSCOW, May 19The new development bank should become a full-fledged platform for economic and financial cooperation between the BRICS countries, Russian Finance Minister Anton Siluanov said at a meeting of the Bank's Board of Governors. in the field of ensuring energy and food security, developing transport and logistics infrastructure, payment and settlement systems,» Siluanov was quoted by the Russian Ministry of Finance. The meeting participants approved the new five-year strategy of the bank for the period 2022-2026. «The transformation of the NDB into a full-fledged platform for expanding economic and financial cooperation between the bank's shareholder countries should be one of the main tasks for the next five-year period,» the minister said. The meeting participants also noted the progress in becoming a bank as a practical platform for financing infrastructure projects in territories of shareholder countries. The governors noted his effective work in combating the coronavirus pandemic: the NDB provided more than 9 billion US dollars to fight the coronavirus infection and finance state programs of the BRICS countries to restore the economy. .jpg» />Yesterday, 18:56China proposes to launch the BRICS expansion process, the Foreign Minister said «The Board of Governors also discussed the prospects for further expansion of the NDB's shareholder structure,» the RF Ministry of Finance said in a statement. The agreement on the New Development Bank was signed by the BRICS countries in 2014 year. The total announced capital of the bank is 100 billion dollars, distributed — 51.498 billion dollars. The paid-in capital is currently $10.299 billion. Brazil, Russia, India, China and South Africa each have 19.42% in the capital of the bank, 1.83% is held by Bangladesh and 1.08% by the UAE. The purpose of the Bank is to finance infrastructure and sustainable development projects of the BRICS countries, as well as countries with emerging markets and developing economies. May 11, 17:05 Murashko proposed the creation of the BRICS Medical Association