Putin Says New Development Bank Contributes to BRICS Growth
Russian President Vladimir Putin said the BRICS-founded bank is acting energetically to support the bloc's development, according to TASS.
Russian President Vladimir Putin said the New Development Bank, commonly known as the BRICS Bank, is contributing to the development of the BRICS organization, the Russian state news agency TASS reported.
According to TASS, Putin described the bank as acting energetically in support of the bloc's goals.
The New Development Bank was established by BRICS member states — originally Brazil, Russia, India, China and South Africa — to finance infrastructure and sustainable development projects among member and partner countries.
TASS did not provide further details on the specific projects or initiatives referenced by Putin, nor the venue or context in which the remarks were made.
The BRICS grouping has expanded in recent years to include additional member states, and its financial institutions, including the New Development Bank, have been positioned by member governments as alternatives to Western-led financial bodies.
Sources
- BRICS Bank contributes to development of organization — Putin — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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