US EditionBRICS bank’s inaugural 2024 loan of $500m – Interpretations?
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BRICS bank’s inaugural 2024 loan of $500m – Interpretations?
The BRICS bank, officially known as the New Development Bank (NDB), has boldly stepped into the limelight with its first major financial move of 2024. It’s a splashy debut: a whopping $500 million loan to India, earmarked for a vast road-building project in Gujarat. This substantial loan is a statement, not just of the bank’s capabilities, but also of its ambitions on the global stage. The Road to Development: BRICS Bank and India’s Infrastruct…
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