https://sputnikglobe.com/20230824/brics-bank-should-become-alternative-to-modern-financial-institutions---cuban-president-1112862931.html
BRICS Bank Should Become Alternative to Modern Financial Institutions - Cuban President
BRICS Bank Should Become Alternative to Modern Financial Institutions - Cuban President
Sputnik International
The New Development Bank (NDB) of BRICS should become an alternative to modern financial institutions seeking "to obtain resources from the countries of the South," Cuban President Miguel Diaz-Canel said on Thursday.
2023-08-24T17:18+0000
2023-08-24T17:18+0000
2023-08-24T17:18+0000
world
new development bank (ndb)
brics summit 2023
brics
cuba
miguel diaz-canel bermudez
https://cdn1.img.sputnikglobe.com/img/07e7/08/18/1112863090_0:0:3030:1705_1920x0_80_0_0_db0e3b84850dadb0080af0ba63866963.jpg
"The New Development Bank created by BRICS can and should become an alternative to modern financial institutions that have been using outdated recipes for about a century to obtain resources from the countries of the South," Diaz-Canel stated at the BRICS summit in South Africa. The BRICS summit is being held in Johannesburg from August 22-24. It is attended by the leaders of China, India, Brazil and South Africa. Russia is represented by Foreign Minister Sergey Lavrov, while Russian President Vladimir Putin takes part in the summit via videoconference. In March 2013, Brazil, Russia, India, China and South Africa agreed to establish the development bank at the fifth annual BRICS summit held in the South African city of Durban. In July 2014, the BRICS states gathered at the next summit in the Brazilian city of Fortaleza and signed an agreement on the establishment of the bank. The NBD came into existence in July 2015 during the inaugural meeting of the bank's board of governors in Moscow. NBD's main objective is to finance infrastructure and sustainable development projects in the BRICS member countries.
https://sputnikglobe.com/20230823/brics-offers-alternative-model-as-us-hegemony-fades-1112825485.html
cuba
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
expansion of brics, cuban president, policy of unilateralism, diaz-canel, diazcanel, diaz canel, brics summit, multipolar world order, polycentric world order, world order, multipolar world, polycentric world, brics bank
expansion of brics, cuban president, policy of unilateralism, diaz-canel, diazcanel, diaz canel, brics summit, multipolar world order, polycentric world order, world order, multipolar world, polycentric world, brics bank
BRICS Bank Should Become Alternative to Modern Financial Institutions - Cuban President
MOSCOW (Sputnik) - The New Development Bank (NDB) of BRICS should become an alternative to modern financial institutions seeking "to obtain resources from the countries of the South," Cuban President Miguel Diaz-Canel said on Thursday.
"The
New Development Bank created by BRICS can and should become an alternative to modern financial institutions that have been using outdated recipes for about a century to obtain resources from the countries of the South," Diaz-Canel stated at the BRICS summit in South Africa.
The
BRICS summit is being held in Johannesburg from August 22-24. It is attended by the leaders of China, India, Brazil and South Africa. Russia is represented by
Foreign Minister Sergey Lavrov, while
Russian President Vladimir Putin takes part in the summit via videoconference.
23 August 2023, 18:27 GMT
In March 2013, Brazil, Russia, India, China and South Africa agreed to establish the development bank at the fifth annual BRICS summit held in the South African city of Durban. In July 2014, the BRICS states gathered at the next summit in the Brazilian city of Fortaleza and signed an agreement on the establishment of the bank. The NBD came into existence in July 2015 during the inaugural meeting of the bank's board of governors in Moscow. NBD's main objective is to finance infrastructure and sustainable development projects in the BRICS member countries.
